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Personal property is generally considered property that is movable, as opposed to real property or real estate. In common law systems, personal property may also be called chattels or personalty. In civil law systems, personal property is often called movable property or movables – any property that can be moved from one location to another (Wikipedia)
The term movable property is primarily used in places with legal systems based on civil law, as is the case in continental Europe, most of Latin America, and many countries in Africa and Asia. The analogous term in countries with legal systems based on British common law, such as Great Britain and the United States, is personal property, also sometimes referred to as personalty or chattels. These jurisdictions also sometimes use the term movable property, however. (WiseGEEK)
The law now broadly distinguishes between real property (land and anything affixed to it) and personal property (everything else, e.g., clothing, furniture, money). English law has retained the common law distinction between real property and personal property, whereas the civil law distinguishes between "movable" and "immovable" property. (Wikipedia)
Real property is property in the form of land, what lies beneath the land, and objects fixed to the land. For example, if someone owns a house, this is considered real property, as are the mineral deposits underneath the house and the land the house physically stands on. People may refer to real property as real estate or immovable property. The common law terms equivalent to immovable property are “real property” or “real estate.” (WiseGEEK)
