Which of the following defines personalty?

The definition of personalty primarily refers to movable property, which encompasses a wide range of tangible items that are not affixed to or associated with land. Personalty includes items such as furniture, vehicles, equipment, and other possessions that can be relocated easily.

Understanding this distinction is essential in property law and appraisal because it differentiates personalty from real property (real estate or fixed property), which refers to land and any structures permanently attached to it. By identifying personalty as movable property, you grasp the fundamental characteristics that apply to asset classification in appraisal contexts.

The other options pertain to categories of real property or specific types of items, which do not accurately encapsulate the broader definition of personalty. This knowledge is crucial when evaluating property for appraisal purposes, as it affects ownership rights, taxation, and market value assessments.