Property

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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.<ref>This is controversial but defendible view — not because your rights to cash are in someway attenuated compared to your rights over property, but because cash is a special, otherworldly, elusive thing, not susceptible of mortal, human impulses like “ownership”.

See also

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