noun prop·er·ty \ˈprä-pər-tē\

: something that is owned by a person, business, etc.

: a piece of land often with buildings on it that is owned by a person, business, etc.

: a special quality or characteristic of something

plural prop·er·ties

Full Definition of PROPERTY

a :  a quality or trait belonging and especially peculiar to an individual or thing
b :  an effect that an object has on another object or on the senses
c :  virtue 3
d :  an attribute common to all members of a class
a :  something owned or possessed; specifically :  a piece of real estate
b :  the exclusive right to possess, enjoy, and dispose of a thing :  ownership
c :  something to which a person or business has a legal title
d :  one (as a performer) who is under contract and whose work is especially valuable
e :  a book or script purchased for publication or production
:  an article or object used in a play or motion picture except painted scenery and costumes
prop·er·ty·less \-ləs\ adjective
prop·er·ty·less·ness \-nəs\ noun

Origin of PROPERTY

Middle English proprete, from Anglo-French propreté, from Latin proprietat-, proprietas, from proprius own
First Known Use: 14th century

Related to PROPERTY

Synonym Discussion of PROPERTY

quality, property, character, attribute mean an intelligible feature by which a thing may be identified. quality is a general term applicable to any trait or characteristic whether individual or generic <material with a silky quality>. property implies a characteristic that belongs to a thing's essential nature and may be used to describe a type or species <the property of not conducting heat>. character applies to a peculiar and distinctive quality of a thing or a class <remarks of an unseemly character>. attribute implies a quality ascribed to a thing or a being <the attributes of a military hero>.

Other Economics Terms

actuary, compound interest, globalization, indemnity, portfolio, rentier, stagflation, usurer
PROPERTY Defined for Kids


noun prop·er·ty \ˈprä-pər-tē\
plural prop·er·ties

Definition of PROPERTY for Kids

:  something (as land or money) that is owned <That car is my property.>
:  a special quality of a thing <Sweetness is a property of sugar.>
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