Business, Legal & Accounting Glossary
The character of property that makes it capable of sale or transfer.
Absent a restriction in the owner’s right, interests in real property and tangible personal property are generally freely and fully alienable by their nature. Likewise, many types of intangible personal property, such as a patent or trademark, are alienable forms of property. By comparison, constitutional rights of life, liberty, and property are not transferable and, thus, are termed inalienable. Similarly, certain forms of property, such as employee security benefits, are typically not subject to transfer on the part of the owner and are inalienable forms of property.
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This glossary post was last updated: 8th October, 2021 | 0 Views.