- property
- property prop‧er‧ty [ˈprɒpəti ǁ ˈprɑːpər-] noun properties PLURALFORM
• Some of the stolen property was found in Mason's house.
• The President supports a tax cut on profits from sales of property such as stocks and real estate.
arˌtistic ˈproperty [uncountable] LAWan artistic work for which someone owns the copyright:• The Copyright Act of 1976 states that the owner of a copyright can sue anyone who infringes his or her exclusive right to control the distribution of literary or artistic property.
inˌdustrial ˈproperty [uncountable] LAWintelˌlectual ˈproperty [countable, uncountable] LAWan idea, design, or artistic work which a person or organization has invented or created and on which they have obtained a copyright, trademark, or patent:• The country's indifference to (= lack of caring about ) copyright protection not only hurts foreign creators of intellectual property, such as software makers, but it discourages home-grown creativity too.
• Microsoft's regional manager for intellectual property rights
ˌliterary ˈproperty [countable, uncountable] LAWa literary work on which someone owns the copyright:• Rawlings' will states that the university has the right to his published and unpublished manuscripts and literary property.
personal property which can be moved, rather than a building or land that stays in the same placeˌpersonal ˈproperty [uncountable]things such as money or shares, but not buildings or land, which you own; = PERSONALTY2. [uncountable] PROPERTY land and buildings, and the activity of buying, selling, and renting them; = REAL ESTATE:• Property prices have shot up (= quickly increased ) recently.
• Homeowners around Miramar, site of a planned new airport, are worried about noise and property values.
• The tax increase amounts to an extra $3 a month for the average property owner.
comˌmercial ˈproperty [uncountable] PROPERTYland and buildings for use by businesses, such as offices, factories, hotels etc:• They are involved in shopping mall and commercial property development.
• The city is trying to attract new investment into its prime (= best and most profitable ) commercial property.
disˌtressed ˈproperty [uncountable] PROPERTYproperty bought with a loan on which repayments are no longer being made:• As an investor, he is renowned for his skills in buying distressed property at rock-bottom prices.
buildings or land, rather than personal property:• the law relating to the mortgage of immovable property
ˌprivate ˈproperty [uncountable] PROPERTYproperty, especially land, that belongs to a private owner rather than to the public:• The police can prosecute people who trespass on private property
ˌpublic ˈproperty [countable, uncountable] PROPERTYland or buildings owned by a local or national government:• The storms caused $60 million of damage to public property.
ˌreal ˈproperty [uncountable] LAWland, buildings etc:• people whose wealth consists mainly of real property
3. [countable] PROPERTY a building, especially a house, and the land that surrounds it:• Several properties on this street are for sale.
ˌfreehold ˈproperty [countable, uncountable] especially BrE PROPERTYproperty which you own completely and for an unlimited time:• increases in the value of freehold properties
ˌleasehold ˈproperty [countable, uncountable] especially BrE PROPERTYproperty that is owned only for as long as is stated in a lease (= a legal agreement that allows you to use a building for a period of time in return for rent):• The Building Society is offering a special 4.99% two-year mortgage on leasehold properties that have been on its books for more than six months.
4. [uncountable] ownership of land, goods etc:• a belief in the idea of communal property
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property UK US /ˈprɒpəti/ noun► [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(Cf. ↑artistic property), COMMERCIAL PROPERTY(Cf. ↑commercial property), DISTRESSED PROPERTY(Cf. ↑distressed property), IMMOVABLE PROPERTY(Cf. ↑immovable property), INDUSTRIAL PROPERTY(Cf. ↑industrial property), INTELLECTUAL PROPERTY(Cf. ↑intellectual property), INVESTMENT PROPERTY(Cf. ↑investment property), LITERARY PROPERTY(Cf. ↑literary property), MOVABLE PROPERTY(Cf. ↑movable property), PERSONAL PROPERTY(Cf. ↑personal property), PRIVATE PROPERTY(Cf. ↑private property), PUBLIC PROPERTY(Cf. ↑public property), REAL PROPERTY(Cf. ↑real property)
Financial and business terms. 2012.
