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Definition of personal. 1  1 : a short newspaper paragraph relating to the activities of a person or a group or to personal matters. 2  2 : a short personal communication in a special column of the classified ads section of a newspaper or periodical. 3  3 : personal foul.
DEFINITION of 'Personal Property'. A type of property which, in its most general definition, can include any asset other than real estate. The distinguishing factor between personal property and real estate is that personal property is movable. That is, the asset is not fixed permanently to one location as with real property such as land or buildings.