Property - meaning and definition. What is Property
Online Dictionary

What (who) is Property - definition

Legal property; Land owner; Property (ownership right); Rights to property; Res privata; Proprietary right; Property theory

¦ noun (plural properties)
1. a thing or things belonging to someone.
2. a building and the land belonging to it.
(properties) shares or investments in property.
3. Law ownership.
4. a characteristic of something.
5. old-fashioned term for prop2.
ME: from an Anglo-Norman Fr. var. of OFr. propriete, from L. proprietas, from proprius (see proper).
1) to confiscate, seize property
2) to buy; inherit; lease; rent; sell; transfer property
3) to reclaim; recover (stolen) property
4) (an) abandoned; commercial property
5) common; communal; government; individual; joint; movable; personal; private; public; real property
6) community property ('property held jointly by two spouses')
7) a piece of property
·adj Propriety; correctness.
II. Property ·vt To invest which properties, or qualities.
III. Property ·vt To make a property of; to Appropriate.
IV. Property ·adj The exclusive right of possessing, enjoying, and disposing of a thing; ownership; title.
V. Property ·adj All the adjuncts of a play except the scenery and the dresses of the actors; stage requisites.
VI. Property ·adj An acquired or artificial quality; that which is given by art, or bestowed by man; as, the poem has the properties which constitute excellence.
VII. Property ·adj That to which a person has a legal title, whether in his possession or not; thing owned; an estate, whether in lands, goods, or money; as, a man of large property, or small property.
VIII. Property ·adj That which is proper to anything; a peculiar quality of a thing; that which is inherent in a subject, or naturally essential to it; an attribute; as, sweetness is a property of sugar.



Property is a system of rights that gives people legal control of valuable things, and also refers to the valuable things themselves. Depending on the nature of the property, an owner of property may have the right to consume, alter, share, redefine, rent, mortgage, pawn, sell, exchange, transfer, give away, or destroy it, or to exclude others from doing these things, as well as to perhaps abandon it; whereas regardless of the nature of the property, the owner thereof has the right to properly use it under the granted property rights.

In economics and political economy, there are three broad forms of property: private property, public property, and collective property (also called cooperative property). Property that jointly belongs to more than one party may be possessed or controlled thereby in very similar or very distinct ways, whether simply or complexly, whether equally or unequally. However, there is an expectation that each party's will (rather discretion) with regard to the property be clearly defined and unconditional, to distinguish ownership and easement from rent. The parties might expect their wills to be unanimous, or alternately every given one of them, when no opportunity for or possibility of a dispute with any other of them exists, may expect his, her, it's or their own will to be sufficient and absolute. The first Restatement defines property as anything, tangible or intangible, whereby a legal relationship between persons and the State enforces a possessory interest or legal title in that thing. This mediating relationship between individual, property, and State is called a property regime.

In sociology and anthropology, property is often defined as a relationship between two or more individuals and an object, in which at least one of these individuals holds a bundle of rights over the object. The distinction between "collective property" and "private property" is regarded as confusion since different individuals often hold differing rights over a single object.

Types of property include real property (the combination of land and any improvements to or on the ground), personal property (physical possessions belonging to a person), private property (property owned by legal persons, business entities or individual natural persons), public property (State-owned or publicly owned and available possessions) and intellectual property (exclusive rights over artistic creations, inventions, etc.). However, the last is not always as widely recognized or enforced. An article of property may have physical and incorporeal parts. A title, or a right of ownership, establishes the relation between the property and other persons, assuring the owner the right to dispose of the property as the owner sees fit. The unqualified term "property" is often used to refer specifically to real property.

Pronunciation examples for Property
1. property.
Investors Mashup _ Talks at Google
2. property.
Destination Perpetuity _ Craig O'Rourke _ Talks at Google
3. property.
_ Amanda Han & Matthew MacFarland _ Talks at Google
4. property.
Top Secret America _ Dana Priest _ Talks at Google
5. property.
Kaizhong Gao _ Talks at Google
Examples of use of Property
1. Paul said: «Public property is your own property.
2. In other words, the question on international property is÷ has Property X done the job?
3. Britain, for example, redistributes all property taxes, not only government property taxes.
4. Property ownership makes property professionals rich, and burdens young families with a need for two incomes.
5. "Everything in the virtual world is intellectual property, as much as it looks like property or as much as property is a useful metaphor,‘‘ Ondrejka said.