Pronunciation: (prop'ur-tē),[key] —n., —pl.-ties. 1. that which a person owns; the possession or possessions of a particular owner: They lost all their property in the fire. 2. goods, land, etc., considered as possessions: The corporation is a means for the common ownership of property. 3. a piece of land or real estate: property on Main Street. 4. ownership; right of possession, enjoyment, or disposal of anything, esp. of something tangible: to have property in land. 5. something at the disposal of a person, a group of persons, or the community or public: The secret of the invention became common property. 6. an essential or distinctive attribute or quality of a thing: the chemical and physical properties of an element. 7. Logic. a. any attribute or characteristic.
b. (in Aristotelian logic) an attribute not essential to a species but always connected with it and with it alone.
8. Also called prop. a usually movable item, other than costumes or scenery, used on the set of a theater production, motion picture, etc.; any object handled or used by an actor in a performance.
9. a written work, play, movie, etc., bought or optioned for commercial production or distribution.
10. a person, esp. one under contract in entertainment or sports, regarded as having commercial value: an actor who was a hot property at the time.