Property

Property

Property is any physical or intangible entity that is owned by a person or jointly by a group of people or a legal entity like a corporation. Depending on the nature of the property, an owner of property has the right to consume, sell, rent, mortgage, transfer, exchange or destroy it, or to exclude others from doing these things.

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Famous quotes containing the word property:

    “Personal rights, universally the same, demand a government framed on the ratio of the census: property demands a government framed on the ratio of owners and of owning.”
    —Ralph Waldo Emerson (1803–1882)

    “No man is by nature the property of another. The defendant is, therefore, by nature free.”
    —Samuel Johnson (1709–1784)