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English definition of “property”

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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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