Property
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Something capable of being owned. Not just held, but owned. The bonus plan, as Ford Fairlane would say[1]. 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.[2]
See also
- Law of Property (Miscellaneous Provisions) Act 1994
- Thing in action
- Cash
- Bitcoin (which is not cash).
References
- ↑ “Ford! Ford! We just needed to be held!”
“Well, you got the bonus plan. Ohhh.” - ↑ This is controversial but defendible view — not because your rights to cash are in some way attenuated compared to your rights over property, but because cash is sui generis: a special, otherworldly, elusive thing, not susceptible of mortal, human impulses like “ownership”.