| A | B |
|---|
| property | can be real or personal |
| real property | includes anything permanently attached to land |
| UCC | Uniform Commercial Code |
| copyright | protects expression of creative work; author, artist, composer |
| trademarks | words, symbols, or devices that identify a product |
| patent | grant of exclusive right to make, use and sell a novel or new useful product or process |
| deed | legal document used to transfer ownership or real property |
| eminent domain | power of the government to take private property for public use in exchange for the fair market price |
| lien | legal right in another's property given as a security for the performance of a financial obligation |
| lease | an agreement in which one party receives temporary possession of another's real property in exchange for rent |
| rent | consideration given in return for temporary possession |
| bailment | transfer of possession without the transfer of ownership |
