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Property is frequently defined as the rights of a person with respect to a thing. The difficulties with this definition have long plagued legal theorists. The same problem of definition occurs in non-Western societies as well. In Russia, for example, the word property (sobstvennost) can have various meanings.
-Â·ties. 1  the right to possess, use, and dispose of something; ownership: property in land. 2  a thing or things owned; possessions collectively; esp., land or real estate owned. 3  a specific piece of land or real estate.