personal property


personal property
Money, goods, and movable chattels. Ralston Steel Car Co. v Ralston, 112 Ohio St 306, 147 NE 513, 39 ALR 334. Goods, chattels, things in action, evidences of debt, and money. All objects and rights which are capable of ownership except freehold estates in land, and incorporeal hereditaments issuing there out, or exercisable within the same. 42 Am J1st Prop § 23. The ultimate test in determining what particular items pass under a testamentary gift of "personal property" is the intention of the testator. While it is clear that the term is sufficiently broad in its accepted technical significance to include all forms of property other than land or interests in land, if the testator intended that it should embrace so much, in a majority of cases the courts have, in view of the actual intention of the testator as disclosed by the language of the will and the circumstances surrounding its execution, construed the term as carrying a restricted rather than a broad signification. In some instances, it has been held that the term passed only personal or household effects. In other instances, the term has been construed as including only intangibles or as excluding certain kinds of tangible property, such as growing crops. 57 Am J1st Wills § 1339.

Ballentine's law dictionary. . 1998.

Look at other dictionaries:

  • personal property — see property Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. personal property …   Law dictionary

  • Personal property — Personal Per son*al (p[ e]r s[u^]n*al), a. [L. personalis: cf. F. personnel.] 1. Pertaining to human beings as distinct from things. [1913 Webster] Every man so termed by way of personal difference. Hooker. [1913 Webster] 2. Of or pertaining to a …   The Collaborative International Dictionary of English

  • personal property — Assets, such as cars, stock, furniture, etc., that is not real estate or affixed to real property. (Bankruptcy in Brief) Property that is not real property; things moveable, also known as chattels. (Dictionary of Canadian Bankruptcy Terms) United …   Glossary of Bankruptcy

  • personal property — ► NOUN Law ▪ all of someone s property except land and buildings. Compare with REAL PROPERTY(Cf. ↑real property) …   English terms dictionary

  • personal property — n. any property that is not real property and that is movable or not attached to the land …   English World dictionary

  • Personal property — For other uses, see Personal property (disambiguation). Property law …   Wikipedia

  • personal property — In broad and general sense, everything that is the subject of ownership, not coming under denomination of real estate. A right or interest in things personal, or right or interest less than a freehold in realty, or any right or interest which one …   Black's law dictionary

  • Personal Property — A type of property which, in its most general definition, can include any asset other than real estate. The distinguishing factor between personal property and real estate is that personal property is movable. That is, the asset is not fixed… …   Investment dictionary

  • personal property — Defined by law to be all property that is not real property. Further classified in Article 9 of the Uniform Commercial Code into various categories. American Banker Glossary Any assets other than real estate. Bloomberg Financial Dictionary * * *… …   Financial and business terms

  • personal property —    All property that is not real estate (i.e., all property other than land and the fixtures that are permanently attached to it). Cars, bank accounts, shares, wages, a small business, furniture, insurance policies, jewelry and patents are… …   Business law dictionary


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