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GLOSSARY

Personal property definition

What does Personal property mean?

Personal property (or personalty) comprises all the forms of property, movable or immovable, corporeal and incorporeal, other than the freehold estates and interests in land (which include chattels affixed to land) and its appurtenances.

Personal property is divisible into two classes: chattels personal; and chattels real. Chattels personal have retained much of their former individuality; in particular, the rules that govern the acquisition and alienation inter vivos of chattels personal differ from those applicable to real property.

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