Property

Property, in financial and legal terms, refers to anything that is owned and has economic or monetary value; this includes both tangible assets like real estate, vehicles, and equipment, and intangible assets like stocks, intellectual property, or patents. Property can generate income, appreciate in value, or be converted into cash, and is a key component of an individual’s or company’s net worth. In business, property also encompasses resources under ownership or control that can provide future economic benefits, such as land, buildings, and financial investments.