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English definition of “property”

property

noun
 
 
/ˈprɒpəti/
[U] LAW an object or objects that belong to someone: They haven't yet learnt to respect people's property. Accepting stolen property is against the law. The phones are considered to be the property of the company.
[C] (plural properties) PROPERTY a building or area of land that someone owns: The number of properties coming on to the market in June increased at the fastest rate since May last year.buy/sell a property When the owner died, the family sold the property. a business/investment/residential property a hotel/retail/office property
[U] PROPERTY buildings and land, considered as things to be bought and sold: They made their money in property. buy/invest in/own property The university owns a lot of property in this part of town. The expense to each property owner will be more than $200,000. Property prices are very high in that area.
→ See also artistic property, commercial property, distressed property, immovable property, industrial property, intellectual property, investment property, literary property, movable property, personal property, private property, public property, real property
(Definition of property from the Cambridge Business English Dictionary © Cambridge University Press)
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