Property

The Jolly Contrarian’s Glossary The snippy guide to financial services lingo.™ →Go uptown Index — Click the ᐅ to expand: Glossary Tell me more Sign up for our newsletter — or just get in touch: for ½ a weekly 🍺 you get to consult JC. Ask about it here.

Something capable of being owned. Not just held, but owned. Possession and ownership are different things. Ownership implies you can keep it, pledge it, licence it, lease it, declare a trust over it — you can act as an economic rentier with respect to it.

• You can’t own data that doesn’t amount to intellectual property.
• You can’t own cash, either.

See also

• Law of Property (Miscellaneous Provisions) Act 1994
• Thing in action
• Cash
• Bitcoin (which is not cash).