Property System
/ˈprɑːpərti ˈsɪstəm/
Definitions
- (n.) A structured set of legal rules and principles governing the ownership, use, transfer, and rights in property.
The property system determines how land and goods are owned and lawfully transferred.
Forms
- property systems
Related terms
See also
Commentary
The term encompasses both tangible and intangible assets regulated under various property laws; drafting should specify the asset type and jurisdiction to clarify application.
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.