Types of Legal and Property Assets Quiz

Physical, touchable assets such as land or buildings.

Assets that lack physical substance, such as patents or copyrights.

Moveable items such as furniture or vehicles.

A legal agreement by which a bank or other creditor lends money in exchange for the borrower's promise to repay the loan with interest.

An examination of public records to determine the ownership and encumbrances on a property.

A provision in a deed that limits the use of the property in some way.

The right to possess and use real property for a limited period under a lease agreement.

A nonpossessory interest in another's land.

The highest form of ownership interest one can possess in real property.

A charge or encumbrance upon property to secure payment of a debt.

A form of co-ownership of real property where each owner has an undivided interest.

An item of personal property that has been attached to real property in such a way that it becomes part of the real property.

Intellectual creations such as inventions, literary and artistic works, and symbols, names, images, and designs used in commerce.

Acquiring title to real property through continuous possession under certain conditions.

A legal doctrine that allows a person to claim ownership of land without payment and with hostile intent.

The right of a tenant to use leased premises without interference from the landlord.

A legal document that transfers ownership of real property from one party to another.

Any right or interest in land that affects its value, transfer, or use, such as a lien or easement.