Which of the following best defines personal property?

Personal property is best defined as movable assets not attached to real estate. This includes a wide range of items, such as furniture, vehicles, and appliances, which can be easily transported from one location to another. The key characteristic that distinguishes personal property from real property is its lack of attachment to land or buildings.

Real estate typically encompasses land and anything permanently attached to it—like houses or buildings—while personal property can be moved without significant alteration. This distinction is crucial in legal contexts, such as property transactions and taxation, where the classification of an asset impacts ownership rights and responsibilities.

In contrast, the other definitions provided focus on aspects of real estate or financial assets, which do not align with the standard understanding of personal property. Thus, the definition of movable assets not attached to real estate accurately captures the essence of what personal property encompasses.