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What is another word for tangible personal property?

Pronunciation: [tˈand͡ʒəbə͡l pˈɜːsənə͡l pɹˈɒpəti] (IPA)

Tangible personal property refers to physical assets that can be seen, touched, or felt. However, there are various terms that can be used interchangeably to describe similar assets. "Physical possessions" is one synonym, encompassing objects such as furniture, equipment, or vehicles. Another term commonly used is "tangible assets", which includes all physical belongings that hold value - ranging from machinery to real estate. Additionally, "chattels" and "movables" are synonyms for tangible personal property, often used in legal contexts to describe moveable assets such as jewelry, artwork, or collectibles. Regardless of the term used, all these words imply physical belongings that are tangible and can be owned.
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What are the opposite words for tangible personal property?

The antonyms for the term tangible personal property would be 'intangible' or 'non-physical' assets. Non-physical assets refer to property that has no physical existence and cannot be seen or touched, such as patents, copyrights, trademarks, and other intellectual property rights. Intangible assets are valuable assets that cannot be physically touched but have economic value due to their ownership rights or legal agreements. Unlike tangible assets, which can be easily valued or sold, intangible assets are difficult to quantify or evaluate. Common examples of intangible assets include goodwill, brand recognition, and customer relationships. Understanding the difference between tangible and intangible assets is crucial for businesses and individuals to manage their assets effectively.

What are the antonyms for Tangible personal property?

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