Personal Property Taxes
In some states, taxes are imposed on the value of certain personal property that you own such as cars, trucks, or investments.
personal property floater
coverage for all personal property, regardless of location of an insured and household residents, including children away at school.
Personal Property
Related Category: Economics: Terms and Concepts
see property.
More on Personal Property
Property - rights to the enjoyment of things of economic value, whether the enjoyment is exclusive or shared, present or prospective.
Tangible Personal Property
Business Dictionary:
Tangible Personal Property
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Auctions of Real and Personal Property
The Internal Revenue Code requires that seized property be sold by Public Auction or Sealed Bid Auction.
Personal Property
Movable property that is not affixed to the land (REAL PROPERTY). Personal property includes tangible items such as cash, cars and computers, as well as intangible items, such as royalties, patents and copyrights.
Personal Property
Any property that is not real property.
Planned Unit Development (PUD) ...
Personal Property
Cars, motorcycles, boats, jewelry, furs, wine, and electronic equipment are all part of your assets.
Personal Property. Generally, tangible and intangible assets other than buildings, leasehold improvements, land, etc. The tax law often limits personal property to physical assets such as equipment, furniture, etc.
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.
personalty ...
Personal property
Any assets other than real estate.
Personal tax view (of capital structure) ...
Personal Property Taxes
Tax paid on real property, intangible, or tangible property.
Personal Property - As much as you value your personal possessions many insurance policies will only provide coverage between 50% and 70% based on your current homeowners insurance coverage.
Personal property other than interest in land
Chequing Account:
An account at a bank, trust company, loan association or credit union on which there is normally no interest paid, but against which cheques may be written.
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.
Listed personal property of a taxpayer means the taxpayer’s personal-use property that is all or any portion of, or any interest in or right to, any print, etching, drawing, painting, sculpture, or other similar work of art, jewellery, ...
Listed personal property is a type of personal-use property which usually increases in value over time, including stamps, coins, works of art, jewellery, and rare books, folios or manuscripts.
Listed personal property (LPP)
Listed personal property is a type of personal-use property which usually increases in value over time, including stamps, coins, works of art, jewellery, and rare books, folios or manuscripts.
A list of personal property with corresponding values and initial costs often used to substantiate insurance claim and tax losses.
Property rights ...
CHATTELS - Personal property. There are two types of chattels. Real chattels are buildings and fixtures...
CHATTER - See: Whipsawed
CHEAP - Is a term used in relative value analysis. The cash flow characteristics, when analyzed against...
An item of personal property attached to real property so that it can not be removed without damage to the real property. A fixture becomes part of the real property.
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FIXTURE Personal property that becomes real property upon being attached to real estate.
FULLY INDEXED ACCRUAL RATE The base index value of an adjustable-rate mortgage (ARM) plus the highest gross margin during the life of the loan.
Chattel - Personal property, including autos and household goods and fixtures.
Closing statement - An accounting of funds from a real estate sale, made to both the seller and the buyer separately. Also known as a HUD-1 or settlement statement.
Chattels - personal property. Real chattels are buildings and fixtures, personal chattels are clothes and furniture.
Dictionary Term
personal property
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Counties and school districts and municipalities usually are, and special tax districts may be, authorized by law to levy ad valorem taxes on property other than intangible personal property.
package mortgage A type of mortgage, including the furniture and other personal property in addition to the house. paid A payment made on an obligation. paid up The case in which all payments due have been paid.
General lien An attachment that gives the lender the right to seize the personal property of a borrower who has not fulfilled the obligations of the loan, but prevents the lender from seizing real property.
personal property, real property as distinguished from intangible property.
bequest Personal property left to another by will. beta A measure of the magnitude of a portfolio’s historical share-price fluctuations in relation to the ups and downs of the overall market (or appropriate market index).
Joint tenants in common is a way for two or more people to share ownership of real or personal property.
In spite of the name, the law does not consider real property more genuine or "real" than personal property. In law, the word real means relating to a thing (from Latin res, matter or thing), as distinguished from a person.
When calculating liquid net worth do not include real estate or business equity, personal property and automobiles, expected inheritances, or funds already earmarked for other purposes.
The company mortgage gives special priority rights on a businessman's personal property that belongs to the business other than cash or bank funds, stock or other publicly traded financial instruments, ...
But since they had no personal property or income at stake, local officials allowed the park to deteriorate. In fact, the tall trees began to disappear soon after the city bought it in 1911.
In some cases items that may ordinarily be considered as personal property can be considered real property if it is contractually laid out before a sale.
Section 1245 Property: Section 1245 property is property subject to the allowance for depreciation which is either (I.R.C. ยง 1245) personal property; certain amortizable real property; ...
Ad valorem tax is based on an assigned valuation (market or assessed) of real property and, in certain cases, on a valuation of tangible or intangible personal property.
When an asset such as stock, real estate, or personal property increases in value without any improvements or modification having been made to it, that's called appreciation.
Bill of Sale: An instrument conveying title to personal property.
Closing (Settlement): The final step of a property sale transaction, in which the legal ("closing") documents, ...
A delivery of goods or personal property by one person (the bailor) to another (the bailee) on an express or implied contract for a particular purpose related to the goods while in possession of the bailee, ...
Capitalized Property - Personal property of the agency which has an average dollar value of $300.00 or more and a life expectancy of one year or more. Capitalized property shall be depreciated annually over the expected useful life to the agency.
Extended Replacement Cost - This option extends replacement cost loss settlement to personal property and to outdoor antennas, carpeting, domestic appliances, cloth awnings, and outdoor equipment, ...
Joint Personal Property Shipping Office
Joint Personal Property Shipping Office, Washington, DC
Joint Personnel Adjudication System
Joint Personnel Administration Centre (UK MoD)
Joint Personnel Database ...
Bequest: A disposition of personal property by will.
Best-Earnings Plan: A defined-benefit plan that calculates a recipient's retirement benefit based on the period (usually three or five years) in which the employee earned his or her highest ...
Actual cash value is the replacement cost minus depreciation of a specific item of personal property. It's essentially the value for which the item could be sold, which is often less than what it would cost to replace it.
Tenancy in Common - A form of joint ownership of real or personal property in which two or more individuals own interests in the same property.
To figure your own net worth, you first add up the value of the things, or assets, you own (securities, personal property, real estate) and then subtract your liabilities, or what you owe in loans and other obligations.
Estate. Interests in real and/or personal property.
Family Holding Trust. A trust that is created specifically to hold the family's assets consisting of real and/or personal property.
A tax based on the assessed value of real estate or personal property. In other words ad valorem taxes can be property tax or even duty on imported items. Property ad valorem taxes are the major source of revenues for state and municipal governments.
A loan which is backed by a pledging of real or personal property (collateral) by the borrower to the lender.
Property in land, building or housing, as distinct from personal property (e.g. cars); also known as physical property to distinguish itself from property trusts.
Real interest rate
The nominal interest rate less the prevailing rate of inflation.
Reversion of real or personal property to the State when 1) a person dies without leaving a will and has no heirs, or 2) when the property (such as a bank account) has been inactive for a certain period of time.
Escrow: ...
Assets. The real and personal property owned by a person or business
Bear market. A market of declining stock prices
Bull market. A market of rising stock prices.
Real estate is often considered synonymous with real property (also sometimes called realty), in contrast with personal property, or personalty.
A person professionally qualified by education, experience and ability to conduct an opinion of the value of real or personal property; one who estimates value.
Lien against an individual that gives the right to seize personal property to pay off a debt. The property seized does not have to be the property that causes the debt. The lien does not give the right to seize real property such as land.
While your landlord probably has property insurance that covers the physical structure of the building itself, a landlord’s policy won’t protect your personal property (clothes and furniture, for instance) in the event of say, a fire.
An attachment that gives the lender the right to seize the personal property of a borrower who has not fulfilled the obligations of the loan, but prevents the lender from seizing real property.
General mortgage ...
The succession duty (estate duty) is calculated solely on the property which has been left, without reference to relationship or number of beneficiaries; it applies to landed property, business capital, and personal property in so far as it exceeds ...
 See also: Expense, Acquisitions, Banks, Values, Saving
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