Examlex
The item master file contains all the following except
Tangible Personal Property
Physical items owned by an individual or entity, such as furniture, vehicles, and electronics, excluding real estate.
Real Property
Land and anything permanently attached to it, such as buildings, fences, and natural resources, recognized as a form of tangible assets.
Immovable Property
Property that cannot be moved, such as land and anything permanently affixed to it, like buildings.
Property Held In Fee
A form of ownership where the owner has complete control over the property and can use, enjoy, or dispose of it at will; often referred to as fee simple ownership.
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