Private property
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something, especially land or buildings, that belongs to a particular person or company, rather than to a government:
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movable property (as distinguished from real estate)
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Property to which the state or other public organizations do not have exclusive property rights.
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Private property is a system that allocates particular objects like pieces of land to particular individuals to use and manage as they please, to the exclusion of others and to the exclusion of any detailed control by society. In legal terms its usually a designation for the ownership of property by non-governmental legal entities. Private property is distinguishable from public property which is owned by a state entity and from collective or cooperative property which is owned by a group of non-governmental entities. Certain political philosophies such as anarchism and socialism make a clear distinction between private and personal property while others blend the two together. Private property is a legal concept defined and enforced by a countrys political system.
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Commissions of privateers do not extend to the capture
of private property on land; a right not even granted to men-of-war.
Private armed ships are not within the terms of a capitulation
protecting private property generally.
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