What term describes items such as money or goods that are capable of ownership?

The correct term for items such as money or goods that are capable of ownership is personal property. This classification encompasses movable items that can be owned by individuals or entities, distinguishing them from real property, which refers to land and anything permanently attached to it, such as buildings. Personal property can include tangible items like furniture, vehicles, and electronics, as well as intangible items like stocks or bonds. This concept is foundational in property law, where the distinction between personal and real property plays a crucial role in various legal rights, transactions, and protections.

By understanding the definition of personal property, individuals can better navigate legal discussions on ownership and disputes related to movable assets. Other categories mentioned, such as intangible assets and fixed assets, refer to different characteristics of property; intangible assets deal with rights and privileges without physical substance, while fixed assets typically refer to long-term items that are not easily movable and are used in the operation of a business, such as machinery and buildings. This further clarifies why personal property is the appropriate choice for items that can be owned in a conventional sense.