What term refers to goods that are physically touched and moved?

The term that refers to goods that are physically touched and moved is personal property. Personal property encompasses all movable items that can be owned, such as furniture, vehicles, and equipment. This category includes tangible items that are not permanently affixed to a structure or land, distinguishing them from real property, which refers to land and anything permanently attached to it, like buildings.

Personal property is important in various contexts, including legal, financial, and mortuary science aspects, as it can influence matters like estate planning, property valuation, and the arrangement of goods associated with funeral services. Understanding the definition and implications of personal property helps clarify its role in different transactions and legal proceedings.

In contrast, real property pertains to fixed locations and immovable items, while intangible assets represent non-physical assets such as patents or copyrights. Fixed assets typically refer to long-term, tangible items that are not intended for sale in the regular course of business, such as machinery or buildings, and thus do not align with the concept of goods that are physically touched and moved.