Simple English definitions for legal terms
Read a random definition: Bates-stamp number
Term: Tangible Property
Definition: Tangible property refers to physical things that can be touched and seen, like toys, clothes, and furniture. It is different from things like ideas or inventions that cannot be touched, which are called "incorporeal" assets. Another word for tangible property is "personalty."
Tangible property refers to physical objects that can be touched and felt, such as furniture, cars, and clothing. It is different from intangible assets like patents, copyrights, and trademarks.
These examples illustrate tangible property because they are all physical objects that can be seen and touched.