property rights

property right

noun
a legal right to or in a particular property.

Origin:
1940–45

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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American Heritage
Cultural Dictionary

property rights definition


The legal limits governing the use and control of economic resources by individuals and corporations.

The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Encyclopedia Britannica
Encyclopedia

property rights

principles, policies, and rules by which disputes over property are to be resolved and by which property transactions may be structured. What distinguishes property law from other kinds of law is that property law deals with the relationships between and among members of a society with respect to "things." The things may be tangible, such as land or a factory or a diamond ring, or they may be intangible, such as stocks and bonds or a bank account. Property law, then, deals with the allocation, use, and transfer of wealth and the objects of wealth. As such, it reflects the economy of the society in which it is found. Since it deals with the control and transfer of wealth between spouses and across generations, property law also reflects the family structure of the society in which it is found. Finally, because it deals with such fundamental issues as the economy and the structure of the family, property law also reflects the politics of the society in which it is found

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Encyclopedia Britannica, 2008. Encyclopedia Britannica Online.
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