Promulgate Reading Property 1 minute Next Property Managment

Definition:   the rights or interests a person has in the thing owned but not, technically, the thing itself: bundle of rights including the right to possess, to use, to encumber, to transfer and to exclude.

Pronunciation:  \ˈprä-pər-tē\

Used in a Sentence:   The two basic types of property are real property and personal property.

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