real estate
permanent lands and the attached buildings
Real estate
Real estate or
immovable property is a
legal term (in some jurisdictions) that encompasses land along with anything permanently affixed to the land, such as
buildings. Real estate (immovable property) is often considered synonymous with
real property (also sometimes called realty), in contrast with
personal property (also sometimes called chattel or personalty). However, for technical purposes, some people prefer to distinguish real estate, referring to the land and
fixtures themselves, from real property, referring to ownership rights over real estate.
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real estate
Noun
1. property consisting of houses and land
(synonym) real property, realty
(hypernym) property, belongings, holding, material possession
(hyponym) estate, land, landed estate, acres, demesne
real estate
<
jargon> May be used for any critical resource measured in units of area. Most frequently used of "chip real estate", the area available for logic on the surface of an
integrated circuit (see also
nanoacre). May also be used of floor space in a
dinosaur pen, or even space on a crowded desktop (whether physical or electronic).
[
Jargon File]
(1996-11-06)
(c) Copyright 1993 by Denis Howe
Real estate
A piece of land together with physical property situated thereon.