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Personal property, or possessions, includes "items intended for personal use" (e.g., one's toothbrush, clothes, and vehicles, and rarely, money). The owner has a distributive right to exclude others (i.e. the right to command a "fair share" of personal property). Private property is a social relationship between the owner and persons deprived ...
Property law. In property law, lost, mislaid, and abandoned property are categories of the common law of property which deals with personal property or chattel which has left the possession of its rightful owner without having directly entered the possession of another person. Property can be considered lost, mislaid, or abandoned depending on ...
Legacy – testamentary gift of personal property, traditionally of money. Note: historically, a legacy has referred to either a gift of real property or personal property. Legatee – beneficiary of personal property under a will, i.e., a person receiving a legacy. Probate – legal process of settling the estate of a deceased person.
Personal property is a standard coverage on a homeowners insurance policy. It covers belongings like furniture and clothing, paying up to a certain limit if they are stolen or damaged by a covered ...
Personal property tax is calculated based on what you owned on Jan. 1 of a given year. That means that if you bought a car or moved to Missouri with your car on Jan. 2 or later, you won’t have ...
Personal property insurance is a certain percentage of Coverage A, or dwelling coverage. Usually, the industry standard is 50 percent of the dwelling coverage, but the amount can vary between ...
EliseAI, a company developing a suite of AI-powered property management tools for landlords, has raised $75 million in a Series D round that values the startup at $1 billion. EliseAI is the ...
The division of property into real and personal represents the division into immovable and movable incidentally recognized in Roman law and generally adopted since. "Things personal," according to Blackstone, "are goods, money, and all other movables which may attend the owner's person wherever he thinks proper to go" (Comm. ii. 16).