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Tangible Personal Property
Physical items owned by an individual or business, such as vehicles, furniture, and equipment, that are movable and not affixed to land.
Transfer of Title
The legal process of transferring ownership of property or an asset from one individual or entity to another.
Presumed
Accepted as true or valid based on the existing evidence or probability, without requiring proof or further demonstration.
Insurable Interest
A requirement in insurance policies that the policyholder must stand to suffer a financial or emotional loss if the insured event occurs.
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