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PERSONAL PROPERTY of the Form
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People also ask
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What is an example of personal property of others?
Examples are copy machines, office furniture, production machinery, and construction equipment. Typically, the lease states that the lessee is responsible for any loss or damage the machines sustain during the term of the lease. It may also require the lessee to insure the leased item under a property policy.
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What does BPP mean in insurance?
Business personal property (BPP) insurance offers financial protection against lost, damaged, or stolen business property.
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What is personal property of others?
Personal Property of Others means personal property not owned by you, your officers, directors, partners, "managers", "members", or employees (including leased or temporary employees).
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What type of asset is personal property?
Personal property is a fixed or movable tangible asset placed into service for operations with the benefits of the asset extending beyond one year from date of acquisition.
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What is the difference between private and personal property?
In Marxist theory, private property typically refers to capital or the means of production, while personal property refers to consumer and non-capital goods and services.
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What is the definition of personal property in government?
Personal Property - Includes all equipment, material, and supplies not classified as real property (Refer to 41 CFR Chapter 102-71). The term excludes records of the Federal Government and naval vessels of the following categories: battleships, cruisers, aircraft carriers, destroyers, and submarines.
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What are personal property examples?
Personal property refers to the items that people own such as furniture, appliances, or electronics. In short, these items differ from real property because they are movable. Personal property can be intangible, as in the case of stocks and bonds, or tangible, such as clothes or artwork.
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What is an example of personal property?
Personal property refers to the items that people own such as furniture, appliances, or electronics. In short, these items differ from real property because they are movable. Personal property can be intangible, as in the case of stocks and bonds, or tangible, such as clothes or artwork.
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