PRIVATEPROPERTY
Private property
Private property is the ownership of property by non-governmental legal entities. Private property is distinguishable from public property, which is owned by a state entity; and collective property, which is owned by a group of non-governmental entities. Private property is further distinguished from personal property, which refers to property for personal use and consumption.The above text is a snippet from Wikipedia: Private property
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private property
Noun
- Property to which individuals or corporations have certain exclusive property rights, but do not necessarily possess.
- Property to which the state or other public organizations do not have exclusive property rights.
The above text is a snippet from Wiktionary: private property
and as such is available under the Creative Commons Attribution/Share-Alike License.