What is another name for personal property?

Personal property is commonly referred to as "personalty." This term encompasses all movable items that are not permanently attached to land or buildings. Examples of personal property include items such as vehicles, clothing, jewelry, and furniture, which can be moved or transferred from one location to another without affecting the real estate. Understanding the distinction between personal property and real property (which pertains to land and anything permanently attached to it) is essential in contract law for matters of ownership, transfer, and rights associated with different types of property.

In contrast, the other terms mentioned refer to more specific categories or aspects of property. "Furniture" represents a subset of personal property but does not encompass the broader category. "Fixture" refers to items that were once personal property but have become permanently attached to real property, thus classified as real property. "Subsurface rights" pertain to ownership rights below the ground, such as mineral rights, which again relates to real property rather than personal property. Thus, "personalty" is the accurate term that aligns with the general understanding of personal property.