TANGIBLE PROPERTY.
\tˈand͡ʒəbə͡l pɹˈɒpəti], \tˈandʒəbəl pɹˈɒpəti], \t_ˈa_n_dʒ_ə_b_əl p_ɹ_ˈɒ_p_ə_t_i]\
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That which may be felt or touched; it must necessarily be corporeal, but it may be real or personal. A house and a horse are, each, tangible property. The terni is used in contradistinction to property not tangible. By the latter expression, is; meant that kind of property which, though in possession as respects the right, and, consequently, not strictly choses in action, yet differ; from goods, because they are neither tangible nor visible, though the thing produced from the right be perfectly so. In this class may be mentioned copyrights and patent-rights. 1 Bouv. Inst. n. 467, 478.
By John Bouvier
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Nearby Words
- tanghinin
- tangibility
- tangibl
- tangible
- tangible personal property
- TANGIBLE PROPERTY.
- tangibleness
- tangibly
- tangie
- tangier
- tangier disease