property

Property designates those things commonly recognized as the entities in respect of which a person or group has exclusive rights. Important types of property include real property (land), personal property (other physical possessions), and intellectual property (rights over artistic creations, inventions, etc.). A right of ownership is associated with property that establishes the good as being "one's own thing" in relation to other individuals or groups, assuring the owner the right to dispense with the property in a manner he or she sees fit, whether to use or not use, exclude others from using, or to transfer ownership. Some philosophers assert that property rights arise from social convention. Others find origins for them in morality or natural law.
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(v. t.)
To make a property of; to appropriate.
  

(v. t.)
To invest which properties, or qualities.
  

(a.)
The exclusive right of possessing, enjoying, and disposing of a thing; ownership; title.
  

(a.)
That which is proper to anything; a peculiar quality of a thing; that which is inherent in a subject, or naturally essential to it; an attribute; as, sweetness is a property of sugar.
  

(a.)
That to which a person has a legal title, whether in his possession or not; thing owned; an estate, whether in lands, goods, or money; as, a man of large property, or small property.
  

(a.)
Propriety; correctness.
  

(a.)
An acquired or artificial quality; that which is given by art, or bestowed by man; as, the poem has the properties which constitute excellence.
  

(a.)
All the adjuncts of a play except the scenery and the dresses of the actors; stage requisites.
  

The EU Court of Justice in its extensive case-law has enshrined the right to own property.(See fundamental rights)

Property is commonly thought of as a thing which belongs to someone and over which a person has total control. But, legally, it is more properly defined as a collection of legal rights over a thing. - (read more on Property)