
Property
Property refers to something that a person or entity legally owns or has rights to, such as land, buildings, or personal belongings. It can be tangible, like a house or a car, or intangible, like intellectual property or stocks. Ownership confers certain rights, including using, selling, or transferring the property. Legal systems typically regulate property rights to ensure clarity and fairness, allowing owners to control their assets while balancing the rights of others and the community. In essence, property represents the rights and interests associated with physical or intangible assets that an individual or organization possesses.