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property (n.)

c. 1300, properte, "nature, quality, distinctive character always present in an individual or class," later "possession, land or goods owned, things subject to ownership" (early 14c., but this sense is rare before 17c.), from an Anglo-French modification of Old French proprete, "individuality, peculiarity; property" (12c., Modern French propreté) and directly from Latin proprietatem (nominative proprietas) "ownership, a property, propriety, quality," literally "special character" (a loan-translation of Greek idioma), noun of quality from proprius "one's own, special" (see proper). Compare propriety, which is another form of the same French word.

For "possessions, private property" Middle English sometimes used proper goods. Hot property "sensation, a success" is from 1947 in stories in Billboard magazine.

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Definitions of property from WordNet

property (n.)
something owned; any tangible or intangible possession that is owned by someone;
he is a man of property
that hat is my property
Synonyms: belongings / holding
property (n.)
a basic or essential attribute shared by all members of a class;
property (n.)
any area set aside for a particular purpose;
the president was concerned about the property across from the White House
Synonyms: place
property (n.)
a construct whereby objects or individuals can be distinguished;
self-confidence is not an endearing property
Synonyms: attribute / dimension
property (n.)
any movable articles or objects used on the set of a play or movie;
Synonyms: prop
From wordnet.princeton.edu