Property rights

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Property rights

Rights of individuals and companies to own and use property as they see fit and to receive the stream of income that their property generates.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Property Rights

The legal protection by a government of the ability for an individual or a corporation to own real estate and personal property. Nearly every theory of economics (with the exception of some more extreme versions of socialism) state that property rights are a necessary condition for successful, economic development. However, property rights are rarely absolute. For example, a government may exercise eminent domain over real estate to build something for public use.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
HYDERABAD -- Commissioner Hyderabad Asif Haider Shah has directed the revenue officers to make the procedure of preparation of record of rights, property sale certificates and other related documentations easy so that the applicants could not suffer any inconvenience and get the required documents within minimum possible time.
By striking this deal with Vladimir Putin, Goldman Sachs is abetting one of the world's most corrupt governments that's been repeatedly cited by independent monitoring groups for ignoring human rights, property rights, and sound corporate governance practices.
Freddie Mac illustrates the principle that receipt of a payment is treated in accordance with the rights, property or services provided in return, and is not governed by the payment's denomination or label (e.g., a "commitment fee").
David Friedman is quite right to point out, in the same issue, that "concepts such as rights, property, and coercion" are complicated and not always susceptible to clear and easy rules.