PropertyEntity owned by a person or a group of people Buildings of shops, hotels, and residences are prevalent forms of property. Property is a system of rights that gives people legal control of valuable things, and also refers to the valuable things themselves.
AssetIn financial accounting, an asset is any resource owned or controlled by a business or an economic entity. It is anything (tangible or intangible) that can be used to produce positive economic value. Assets represent the value of ownership that can be converted into cash (although cash itself is also considered an asset). The balance sheet of a firm records the monetary value of the assets owned by that firm.
Homestead principleThe homestead principle is the principle by which one gains ownership of an unowned natural resource by performing an act of original appropriation. Appropriation could be enacted by putting an unowned resource to active use (as with using it to produce some product), joining it with previously acquired property, or by marking it as owned (as with livestock branding). Homesteading is one of the foundations of Rothbardiananarcho-capitalism and right-libertarianism.
InheritanceInheritance is the practice of receiving private property, titles, debts, entitlements, privileges, rights, and obligations upon the death of an individual. The rules of inheritance differ among societies and have changed over time. In legal terms, succession is the process by which a deceased person's rights and property are transferred to their heirs, while inheritance is the property or assets those heirs receive.
Title (property)Bundle of rights to a property Part of a series onProperty law Types of property Real property Personal property Intangible property Unowned property Acquisition of title Gift Adverse possession Accession Lost, mislaid, and abandoned property Treasure trove Escheat Alienation Conquest Discovery Estates in land Allodial title Freehold Fee simple Fee tail Life estate Defeasible estate Leasehold estate Land tenure Future interest remainder Waste Reversion Concurrent ownership Concurrent estate Joint tenancy Tenancy in common Community property Strata title Condominium Partition Severance Conveyancing & registration Deed Quitclaim deed Torrens title Deeds registration Bona fide purchaser Equitable conversion Action to quiet title Estoppel by deed Mortgage Future use control Restraint on alienation Rule against perpetuities Rule in Shelley's Case Doctrine of worthier title Nonpossessory interests Easement Profit à prendre Covenant Equitable servitude Lien Usufruct License Equity and Trusts Equitable interest Beneficial ownership Resulting trust Constructive trust Indigenous land rights Aboriginal title Indigenous land rights Treaty rights Related topics Bailment Fixtures Real estate Mineral rights Water rights prior appropriation riparian Lateral and subjacent support Assignment Conflict of property laws Property rights Nemo dat Quicquid plantatur Law portal Outline Lists Index Categoryvte In property law, title is an intangible construct representing a bundle of rights in a piece of property in which a party may own either a legal interest or equitable interest.
GiftA gift, also known as a present, is an item given to someone without the expectation of payment or anything in return. In many countries, the act of mutually exchanging money, goods, etc., may sustain social relationships and contribute to social cohesion. Economists have elaborated the economics of gift-giving into the notion of a gift economy.
MoneyMoney is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular country or socio-economic context. The primary functions which distinguish money are: medium of exchange, a unit of account, a store of value and sometimes, a standard of deferred payment.
Intangible assetAn intangible asset is an asset that lacks physical substance. Examples are patents, copyright, franchises, goodwill, trademarks, and trade names, reputation, R&D, know-how, organizational capital as well as any form of digital asset such as software and data. This is in contrast to physical assets (machinery, buildings, etc.) and financial assets (government securities, etc.). Intangible assets are usually very difficult to value.
ManufacturingManufacturing is the creation or production of goods with the help of equipment, labor, machines, tools, and chemical or biological processing or formulation. It is the essence of the secondary sector of the economy. The term may refer to a range of human activity, from handicraft to high-tech, but it is most commonly applied to industrial design, in which raw materials from the primary sector are transformed into finished goods on a large scale.
SalesSales are commercial dealings in which a seller transfers ownership of products or provides services to a buyer in exchange for money or other agreed-upon consideration. The term may also refer to the quantity or monetary value of goods sold in a given targeted time period. The delivery of a service for a cost is also considered a sale. A period during which goods are sold for a reduced price may also be referred to as a "sale".
TradeTrade is the act by which people swap something of value (such as products, resources, money) to obtain another valuable item. It involves the transfer of goods and services from one person or entity (seller) to another (buyer), often in exchange for money.
DamagesIn common law, damages are a remedy in the form of a monetary award to be paid to a claimant as compensation for loss or injury. To warrant the award, the claimant must show that a breach of duty has caused foreseeable loss. To be recognized at law, the loss must involve damage to property, or mental or physical injury; pure economic loss is rarely recognized for the award of damages.Discovery (observation)Act of detecting something new Discovery is the act of detecting something new, or something previously unrecognized as meaningful. In the sciences and other academic disciplines, discovery is the observation of new phenomena, new actions, or new events and involves providing new reasoning to explain the knowledge gathered through such observations, using knowledge previously acquired through abstract thought and from everyday experiences.
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