Anything other than real estate or money, including furniture, cars, jewelry, etc.
Tangible personal property is in some ways the reverse of real property, as real property cannot be moved. Unlike intangible assets, tangible assets can be physically held.
Jewelry, toys, and sports equipment are all examples of tangible property that do not automatically qualify for any other class life. A desk, a bed, a lamp, or any other piece of furniture that can be used in a rented home or company is considered tangible personal property.« Back to Glossary Index