Personal Property

Definition of "Personal property"

Assets owned by an individual as part of his or her estate except for land and everything attached to the land. Personal property may be either tangible, having physical substance such as an auto and furniture, or intangible, lacking physical substance such as stocks, bonds, etc.

Search Real Estate Glossary

Related Real Estate Glossary terms

Single Purpose Property

Property devoted to only one such as a medical building. ...

Per Se

Latin for by itself. A per se matter is one that is alone and not connected to another matter. For e ...

Section 408 (k) Plan

Section of the Internal Revenue Code that provides for SIMPLIFIED EMPLOYEE PENSIONS (SEP). ...

Business Cycle

Regular pattern of expansion (recovery) and contraction (recession) in total economic activity surro ...

Strikes, Riots, And Civil Commotion Clause

Exemption in ocean marine policy for losses caused by strikes, riots, and civil commotion. ...

Diagnosis Related Group

Method of determining reimbursement from medical insurance according to diagnosis on a prospective b ...

Related Real Estate FAQ

What Is A Down Payment?

A down payment is the money you pay up front for the purchase of a home. ...

What Is An Assumable Mortgage?

A type of purchase in which the buyer assumes the responsibility of making payments on a sellers hom ...

What Is A Seller Disclosure?

A seller disclosure is a form required by most states; the seller uses this form to disclose any kno ...

Why Do People Refinance?

People finance to obtain a new loan in order to pay off the existing mortgage or to gain access to t ...

What Is A Counteroffer?

A counteroffer is an offer made by one party that makes changes to the original or latest offer of t ...

What Is A Lock In?

A lock in guarantees a certain interest rate for a certain period of time. ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews

Agents join here

Add our widget on your Website

Real Estate Advice

What is Escrow and how does it Work? How To Get A Loan with Bad Credit Why Use a Real Estate Agent? 5 signs of house foundation problems Build or Buy? That’s the Big Question

FAQ

What is a gated community? What is Loan Amortization? What is equity? What is a term? What is depreciation?