What does tangible property mean?
Definitions for tangible property
tan·gi·ble prop·er·ty
This dictionary definitions page includes all the possible meanings, example usage and translations of the word tangible property.
Wikidata
Tangible property
Tangible property in law is, literally, anything which can be touched, and includes both real property and personal property, and stands in distinction to intangible property. In English law and some Commonwealth legal systems, items of tangible property are referred to as choses in possession. However, some property, despite being physical in nature, is classified in many legal systems as intangible property rather than tangible property because the rights associated with the physical item are of far greater significance than the physical properties. Principally, these are documentary intangibles. For example, a promissory note is a piece of paper that can be touched, but the real significance is not the physical paper, but the legal rights which the paper confers, and hence the promissory note is defined by the legal debt rather than the physical attributes. A unique category of property is money, which in some legal systems is treated as tangible property and in others as intangible property. Whilst most countries legal tender is expressed in the form of intangible property, in practice bank notes are now rarely ever redeemed in any country, which has led to bank notes and coins being classified as tangible property in most modern legal systems.
Numerology
Chaldean Numerology
The numerical value of tangible property in Chaldean Numerology is: 7
Pythagorean Numerology
The numerical value of tangible property in Pythagorean Numerology is: 5
Translations for tangible property
From our Multilingual Translation Dictionary
- materielles EigentumGerman
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"tangible property." Definitions.net. STANDS4 LLC, 2024. Web. 27 Apr. 2024. <https://www.definitions.net/definition/tangible+property>.
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