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Private Property

Private property is property that is owned by an individual or group, rather than by the government. Private property includes land, buildings, and other possessions, and is protected by law. Continue Reading Below

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Encyclopedia Articles

Discover the definition of financial terms related to private property.

Market Value: What It Is, How to Calculate, and Examples Thumbnail

Market Value: What It Is, How to Calculate, and Examples

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Finder's Fee: Definition, How It Works, Types, and Examples Thumbnail

Finder's Fee: Definition, How It Works, Types, and Examples

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Emblements: Definition, How They Work, Examples, and Legal Rights Thumbnail

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Absorption Rate: What It is, How to Calculate, and Examples Thumbnail

Absorption Rate: What It is, How to Calculate, and Examples

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About Private Property

Private property is property that is owned by an individual or group, rather than by the government. Private property includes land, buildings, and other possessions, and is protected by law. In some cases, the government may use eminent domain to take private property for public use, but this must be done in accordance with the law and with just compensation to the property owner.