personalty
Definition
Noun: 1. Movable property; personal property: In law, "personalty" refers to all types of property that are movable and not permanently attached to land or a building. It is distinguished from real property (real estate), which includes land and structures permanently affixed to it.
Usage
"Personalty" is a formal, legal term. It is used primarily in legal contexts, such as wills, estate planning, and property law, to categorize assets. In everyday language, the term "personal property" is far more common.
Examples
- The will specified that the personalty, including the art collection and vehicles, was to be divided among the children.
- For tax purposes, the estate's assets were divided into realty (the farm) and personalty (the livestock and machinery).
- The legal distinction between real property and personalty is crucial when settling an estate.
Advanced Usage
- Chattels personal: This is a more specific legal synonym for "personalty," encompassing tangible movable items.
- The bequest covered all his chattels personal, from furniture to jewelry.
Variants and Related Words
- Personal Property (n.): The common, non-legal synonym for "personalty."
- Please list all your personal property on this insurance form.
- Personality (n.): CRITICAL DISTINCTION: This is a different word meaning the characteristics of a person. Do not confuse "personalty" (property) with "personality" (character).
- She has a very cheerful personality.
Synonyms
- Chattels
- Movables
- Personal effects (typically refers to an individual's privately owned items)
- Tangible personal property
Antonyms
- Realty
- Real property
- Real estate
Noun
-
movable property (as distinguished from real estate)
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