What is defined as possessions such as jewelry, furniture, and money?

The term that refers to possessions such as jewelry, furniture, and money is personal property. Personal property encompasses items that can be moved, as opposed to real property, which is immovable and includes land and anything permanently attached to it, like buildings.

Personal property can be further categorized into tangible and intangible property, with tangible property being physical items you can touch (like furniture and jewelry) and intangible property encompassing things that do not have a physical presence, such as stocks or patents.

Patent property specifically deals with legal rights granted for inventions, which do not relate to the broad category of personal possessions like jewelry or furniture. Thus, personal property is the most accurate label for movable items that individuals own directly, including both luxury goods and cash.