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Simple English definitions for legal terms
intangible movable
Read a random definition: loss of bargain rule
A quick definition of intangible movable:
An intangible movable is something that can be moved but cannot be touched in the usual way. Examples of intangible movables include light and electricity. In legal terms, it refers to interests created by law that only have a legal, not physical, existence and are capable only of legal, not physical, movement. In Scots law, it refers to a nonheritable right. The term movable is used to describe property that can be moved or displaced, such as personal goods, and is opposed to immovable property, which includes land and buildings.
A more thorough explanation:
An intangible movable is a physical thing that can be moved but cannot be touched in the usual sense. It is a type of property that can be moved or displaced, such as personal goods. This includes anything that is not attached to land and can be considered personal property.
- Light
- Electricity
- Radioactive waves
These examples illustrate the definition of intangible movable because they are physical things that can be moved but cannot be touched in the usual sense. They are not attached to land and can be considered personal property.
In Scots law, a nonheritable right is also considered an intangible movable. This includes any species of property, corporeal or incorporeal, that does not descend to the heir in heritage.