Tangible Property

Property that has physical substance and can be touched; Anything other than real estate or money, including furniture, cars, jewelry and china. Intangible property (example; a check account) lacks this physical quality.

That which may be felt or touched; it must necessarily be corporeal, but it may be real or personal. A house and a horse are, each, tangible property. The terni is used in contradistinction to property not tangible. By the latter expression, is; meant that kind of property which, though in possession as respects the right, and, consequently, not strictly choses in action, yet differ; from goods, because they are neither tangible nor visible, though the thing produced from the right be perfectly so. In this class may be mentioned copyrights and patent-rights.
   

This entry contains material from Bouvier's Legal Dictionary, a work published in the 1850's.