Personal Property
California Department of Real Estate
Updated 08-20-2026
Personal Property
CHOSE IN ACTION — A personal right to something not presently in the owner’s possession, but recoverable by a legal action for possession. CIRCUIT BREAKER — (l) An electrical device which automatically interrupts an electric circuit when an overload occurs; may be used instead of a fuse to protect each circuit and can be reset. (2) In property taxation, a method for granting property tax relief to the elderly and disadvantaged qualified taxpayers by rebate, tax credits or cash payments. Usually limited to homeowners and renters. CLOSING — (l) Process by which all the parties to a real estate transaction conclude the details of a sale or mortgage.
California Department of Real Estate Glossary
California Department of Real Estate · p. 7
FHA Single Family Housing Policy Handbook Glossary November 26 2025
Updated 08-20-2026
Personal Property
Personal Property refers to tangible property, other than Real Property, such as cars, recreational vehicles, stamps, coins, or other collectibles.
FHA Single Family Housing Policy Handbook Glossary November 26 2025
p. 43
Related terms
Need help?
Ask more questions about Personal Property in Help. You'll get answers for your situation.
People also ask