Movable Property
/ˈmuːvəbl ˈprɒpəti/
Definitions
- (n.) Personal property that can be physically moved, distinguishing it from immovable property such as land or buildings.
The buyer acquired all movable property included in the estate sale.
- (n.) In some jurisdictions, goods or tangible assets capable of being transferred or possessed, excluding real property.
The contract covers all movable property to be delivered by the seller.
Related terms
See also
Commentary
Movable property is often contrasted with immovable property; drafting should clarify inclusion or exclusion of fixtures to avoid ambiguity.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.