Personal property refers to movable items that individuals own, as opposed to real estate or land. This can include items like furniture, clothing, vehicles, and electronics. Personal property is typically categorized into two types: tangible, which can be physically touched, and intangible, which includes things like stocks or intellectual property. Ownership of personal property grants individuals certain rights, such as the ability to use, sell, or lease their items. Personal property is often protected by law, meaning that others cannot take or use it without permission. Examples of personal property include a car, a smartphone, and a bicycle.