Property

Property

Property is a system of rights that gives people legal control of valuable things, and also refers to the valuable things themselves. Depending on the nature of the property, an owner of property may have the right to consume, alter, share, rent, sell, exchange, transfer, give away, or destroy it, or to exclude others from doing these things, as well as to perhaps abandon it; whereas regardless of the nature of the property, the owner thereof has the right to properly use it under the granted property rights.

Property (philosophy)

In philosophy and logic, a property is a characteristic of an object; for example, a red object is said to have the property of redness. The property may be considered a form of object in its own right, able to possess other properties. A property, however, differs from individual objects in that it may be instantiated, and often in more than one object. It differs from the logical and mathematical concept of class by not having any concept of extensionality, and from the philosophical concept of class in that a property is considered to be distinct from the objects which possess it. Understanding how different individual entities can in some sense have some of the same properties is the basis of the problem of universals.

property

Noun

1. Something that is owned.
2. A piece of real estate, such as a parcel of land.

Verb

1. To invest with properties, or qualities.
2. To make a property of; to appropriate.