property legal definition

All of the rights of ownership, including the rights of possession, to enjoy, to use, and to dispose of a chattel or a piece of land.

Property held jointly by two or or more persons, or property that belongs to all citizens. See also community property.

Property without tangible value, but that represents something of value, such as a stock certificate, which is just a piece of paper, but which indicates ownership of stock. Something of value.

Property that has no physical existence, such as stock options or goodwill.

Property having to do with patents or trademarks.

See personal property.

Community or state owned property that is not restricted to use by an individual or a select few, and over which the state or community has dominion and control.

Land, real estate. 

Property with physical form and extent.