What term refers to evidences of ownership of rights or value?

Prepare for the Pittsburgh Institute of Mortuary Science Test with interactive quizzes and detailed explanations. Enhance your knowledge and get ready to excel on your exam!

The term that refers to evidences of ownership of rights or value is intangible personal property. This type of property consists of non-physical assets that hold value, such as stocks, trademarks, copyrights, and digital assets. These items represent ownership rights that can be bought and sold but do not have a tangible form.

Intangible personal property is significant in various contexts, including estate planning and taxation, as it influences how assets are valued and transferred after an individual's death.

In contrast, tangible personal property includes physical items such as furniture, vehicles, and equipment which have a material presence. Real property refers to land and any structures attached to it, encompassing ownership interests in physical land. Secured property typically refers to assets that are collateralized against a loan or obligation and does not specifically address ownership rights themselves. Understanding these distinctions is crucial in the context of property law and asset management.

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