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Encyclopedia Britannica



PROPERTY

This article appears in Volume V22, Page 441 of the Encyclopedia Britannica.

Encyclopedia Britannica - Main :: PRE-PYR
PROPERTY , that which is peculiarly one's own, that which belongs to or is characteristic of an individual. The Latin proprietas (formed from pro prius, one's own, possibly derived from props, near) in
post
 -Augustan times was extended to ownership and rights of possession. It is thus, in law, the generic
term
  for rights of ownership and for things subject to the rights of ownership. It is " the most comprehensive of all terms which can be used, inasmuch as it is indicative and descriptive of every possible
interest
  which the party can have " (see Langdale, M. R., in
Jones
  v. Skinner, 1835, 5 L. J. Ch. 90).
In Roman law and in
modern
  systems of law based on it, property is divided into " movables " and " immovables "; in
English
  law, on the other hand, the division is into personal property, including chattels real, and real property (see PERSONAL PROPERTY and REAL PROPERTY). Theatrical usage has given a specific meaning to the word, that of any
article
  used on the stage during the performance of a play.


End of Article: PROPERTY


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