Personal Property

Personal property is generally considered private property that is movable, as opposed to real property or real estate. In the common law systems personal property may also be called chattels or personalty. In the civil law systems personal property is often called movable property or movables - any property that can be moved from one location to another. This term is in distinction with immovable property (or immovable property) or immovables, such as land and buildings. Movable property on land, that which was not automatically sold with the land, included for example larger livestock (wildlife and smaller livestock like chickens, by contrast, was often sold as part of the land). In fact the word cattle is the Old Norman variant of Old French chatel (derived from Latin capitalis, “of the head”), which was once synonymous with general movable personal property.

Read more about Personal Property:  Classifications, Personal Versus Private Property

Famous quotes containing the words personal and/or property:

    ... it is a rather curious thing to have to divide one’s life into personal and official compartments and temporarily put the personal side into its hidden compartment to be taken out again when one’s official duties are at an end.
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    A lawyer’s dream of Heaven: Every man reclaimed his own property at the resurrection, and each tried to recover it from all his forefathers.
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