property


property
property prop‧er‧ty [ˈprɒpəti ǁ ˈprɑːpər-] noun properties PLURALFORM
1. [uncountable] LAW all the things that someone owns:

• Some of the stolen property was found in Mason's house.

• The President supports a tax cut on profits from sales of property such as stocks and real estate.

arˌtistic ˈproperty [uncountable] LAW
an artistic work for which someone owns the copyright:

• The Copyright Act of 1976 states that the owner of a copyright can sue anyone who infringes his or her exclusive right to control the distribution of literary or artistic property.

inˌdustrial ˈproperty [uncountable] LAW
intelˌlectual ˈproperty [countable, uncountable] LAW
an idea, design, or artistic work which a person or organization has invented or created and on which they have obtained a copyright, trademark, or patent:

• The country's indifference to (= lack of caring about ) copyright protection not only hurts foreign creators of intellectual property, such as software makers, but it discourages home-grown creativity too.

• Microsoft's regional manager for intellectual property rights

ˌliterary ˈproperty [countable, uncountable] LAW
a literary work on which someone owns the copyright:

• Rawlings' will states that the university has the right to his published and unpublished manuscripts and literary property.

ˌmovable ˈproperty also moveable property [uncountable] LAW
personal property which can be moved, rather than a building or land that stays in the same place
ˌpersonal ˈproperty [uncountable]
things such as money or shares, but not buildings or land, which you own; = PERSONALTY
2. [uncountable] PROPERTY land and buildings, and the activity of buying, selling, and renting them; = REAL ESTATE:

• Property prices have shot up (= quickly increased ) recently.

• Homeowners around Miramar, site of a planned new airport, are worried about noise and property values.

• The tax increase amounts to an extra $3 a month for the average property owner.

comˌmercial ˈproperty [uncountable] PROPERTY
land and buildings for use by businesses, such as offices, factories, hotels etc:

• They are involved in shopping mall and commercial property development.

• The city is trying to attract new investment into its prime (= best and most profitable ) commercial property.

disˌtressed ˈproperty [uncountable] PROPERTY
property bought with a loan on which repayments are no longer being made:

• As an investor, he is renowned for his skills in buying distressed property at rock-bottom prices.

imˌmovable ˈproperty also immoveable property [uncountable] LAW
buildings or land, rather than personal property:

• the law relating to the mortgage of immovable property

ˌprivate ˈproperty [uncountable] PROPERTY
property, especially land, that belongs to a private owner rather than to the public:

• The police can prosecute people who trespass on private property

ˌpublic ˈproperty [countable, uncountable] PROPERTY
land or buildings owned by a local or national government:

• The storms caused $60 million of damage to public property.

ˌreal ˈproperty [uncountable] LAW
land, buildings etc:

• people whose wealth consists mainly of real property

3. [countable] PROPERTY a building, especially a house, and the land that surrounds it:

• Several properties on this street are for sale.

ˌfreehold ˈproperty [countable, uncountable] especially BrE PROPERTY
property which you own completely and for an unlimited time:

• increases in the value of freehold properties

ˌleasehold ˈproperty [countable, uncountable] especially BrE PROPERTY
property that is owned only for as long as is stated in a lease (= a legal agreement that allows you to use a building for a period of time in return for rent):

• The Building Society is offering a special 4.99% two-year mortgage on leasehold properties that have been on its books for more than six months.

4. [uncountable] ownership of land, goods etc:

• a belief in the idea of communal property

* * *

property UK US /ˈprɒpəti/ noun
[U] LAW an object or objects that belong to someone: »

They haven't yet learnt to respect people's property.

»

Accepting stolen property is against the law.

»

The phones are considered to be the property of the company.

[C] (plural properties) PROPERTY a building or area of land that someone owns: »

The number of properties coming on to the market in June increased at the fastest rate since May last year.

buy/sell a property »

When the owner died, the family sold the property.

»

a business/investment/residential property

»

a hotel/retail/office property

[U] PROPERTY buildings and land, considered as things to be bought and sold: »

They made their money in property.

buy/invest in/own property »

The university owns a lot of property in this part of town.

»

The expense to each property owner will be more than $200,000.

»

Property prices are very high in that area.

See also ARTISTIC PROPERTY(Cf. artistic property), COMMERCIAL PROPERTY(Cf. ↑commercial property), DISTRESSED PROPERTY(Cf. ↑distressed property), IMMOVABLE PROPERTY(Cf. ↑immovable property), INDUSTRIAL PROPERTY(Cf. ↑industrial property), INTELLECTUAL PROPERTY(Cf. ↑intellectual property), INVESTMENT PROPERTY(Cf. ↑investment property), LITERARY PROPERTY(Cf. ↑literary property), MOVABLE PROPERTY(Cf. ↑movable property), PERSONAL PROPERTY(Cf. ↑personal property), PRIVATE PROPERTY(Cf. ↑private property), PUBLIC PROPERTY(Cf. ↑public property), REAL PROPERTY(Cf. ↑real property)

Financial and business terms. 2012.

Synonyms:

Look at other dictionaries:

  • Property — is any physical or virtual entity that is owned by an individual. An owner of property has the right to consume, sell, mortgage, transfer and exchange his or her property.cite web|url=http://www.businessdictionary.com/definition/property.html|titl… …   Wikipedia

  • property — prop·er·ty n pl ties [Anglo French propreté proprieté, from Latin proprietat proprietas, from proprius own, particular] 1: something (as an interest, money, or land) that is owned or possessed see also asset, estate, interest …   Law dictionary

  • Property — • The person who enjoys the full right to dispose of it insofar as is not forbidden by law Catholic Encyclopedia. Kevin Knight. 2006. Property     Property      …   Catholic encyclopedia

  • property — and property rights are central to capitalist societies. Perhaps because they are largely taken for granted in this context they have received relatively little attention from sociologists. By comparison, political philosophers and economists… …   Dictionary of sociology

  • Property — Prop er*ty, n.; pl. {Properties}. [OE. proprete, OF. propret[ e] property, F. propret[ e] neatness, cleanliness, propri[ e]t[ e] property, fr. L. proprietas. See {Proper}, a., and cf. {Propriety}.] [1913 Webster] 1. That which is proper to… …   The Collaborative International Dictionary of English

  • property — c.1300, nature, quality, later possession (a sense rare before 17c.), from an Anglo Fr. modification of O.Fr. propriete (12c., Fr. propreté), from L. proprietatem (nom. proprietas) ownership, property, propriety, lit. special character (a loan… …   Etymology dictionary

  • property — Includes money, goods, things in action, land and every description of property, whether real or personal, legal or equitable, and whether situated in Canada or elsewhere, and includes obligations, easements and every description of estate,… …   Glossary of Bankruptcy

  • property — [präp′ər tē] n. pl. properties [ME proprete < OFr proprieté < L proprietas < proprius, one s own] 1. a) the right to possess, use, and dispose of something; ownership [property in land] b) something, as a piece of writing, in which… …   English World dictionary

  • Property — Prop er*ty, v. t. [1913 Webster] 1. To invest which properties, or qualities. [Obs.] Shak. [1913 Webster] 2. To make a property of; to appropriate. [Obs.] [1913 Webster] They have here propertied me. Shak. [1913 Webster] …   The Collaborative International Dictionary of English

  • property — [n1] possessions, real estate acreage, acres, assets, belongings, buildings, capital, chattels, claim, dominion, effects, equity, estate, farm, freehold, goods, holdings, home, house, inheritance, land, means, ownership, plot, possessorship,… …   New thesaurus