Property

Definition

Property refers not only physical possessions but also includes other forms like intellectual property. It represents one’s legal right over things they own and control them according to their will within legal boundaries.

Related terms

Eminent Domain: This is the power of a state or national government to take private property for public use.

Intellectual Property: These are legal rights that result from intellectual activity in the industrial, scientific, literary and artistic fields.

Fifth Amendment Rights: This amendment protects individuals from being deprived of life, liberty or property without due process of law.