Françoise Clementi

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movable asset

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Movable property is property that can be moved from one place to another. The term “movables” is also sometimes used. It includes personal items such as clothing and jewelry, household goods such as furniture and appliances, and other items including animals and vehicles. It also encompasses ownership of intangible goods that are not fixed to a location, including services, intellectual property, and negotiable instruments such as banknotes and bills of exchange. Movable property is distinguished from immovable property, which encompasses ownership of land, buildings, and other private property bound to its location.
(source: http://www.wisegeek.com/what-is-movable-property.htm)

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