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Law dictionary
Property

Property

noun

The name for anything which can be owned.

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For example

The assets included a substantial amount of property.

Plain English Campaign

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For Commercial law and Property law

Letter of credit

Binding precedent

Other useful terms:

Real property

Land and buildings, minerals in the land and rights over the land.

Intangible property

Property which does not physically exist, such as a right or a patent.

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