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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.
Law. 1  the enjoyment of property, as by the employment, occupation, or exercise of it. 2  the benefit or profit of lands and tenements in the possession of another who simply holds them for the beneficiary. 3  the equitable ownership of land to which the legal title is in another's name.