Tangible Property
/ˈtændʒɪbəl ˈprɑːpərti/
Definitions
- (n.) Physical property that can be touched and moved, such as land, goods, and personal possessions.
The sale included all tangible property owned by the company.
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Commentary
In legal contexts, distinguishing tangible from intangible property is crucial for areas like taxation, ownership rights, and secured transactions.
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.