Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
personal property
1 Any movable or intangible thing that is subject to ownership and not classified as real property. - Also termed personalty; personal estate; movable estate; (in plural) things personal. Cf real property. 2. Property not used in a taxpayer's trade or business or held for income production or collection.
personal property tax
A tax on personal property (such as jewelry or household furniture) levied by a state or local government.
qui personal property that lasts for the life of the holder of the estate and that is equitable as opposed to legal in its creation. ( An example is a life estate held by a trust beneficiary. equitabl
See LIFE TENANT.
tangible personal property
Corporeal personal property of any kind; personal property that can be seen, weighed, measured, felt, or touched, or is in any way perceptible to the senses.
trespass to personal property
See trespass 'bonis asportatis under TRESPASS.