What does property mean in law?

In law, property refers to the legal rights and interests that individuals or entities hold in tangible or intangible assets. It encompasses ownership, possession, and the ability to use, transfer, or exclude others from those assets. Property can be classified into real property (land and buildings) and personal property (movable items and intangible rights). The law governs the acquisition, use, and transfer of property to protect the rights of owners and ensure orderly transactions.