private property - definition in the Business English Dictionary - Cambridge Dictionaries Online

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English definition of “private property”

private property

noun [U]
 
 
PROPERTY something, especially land or buildings, that belongs to a particular person or company, rather than to a government: Activists are asking government to pay compensation when environmental regulations diminish the value of private property. The provision allows the city to build public paths on private property regardless of owners' objections.take/seize/protect private property Courts have long held that the legal principle of eminent domain authorizes the federal government to take private property for the public good.
(Definition of private property from the Cambridge Business English Dictionary © Cambridge University Press)
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