Sunday, April 20, 2014

Public Property

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Public Property is the property owned by a government.

public property n. property owned by the government or one of its agencies, divisions, or entities. Commonly a reference to parks, playgrounds, streets, sidewalks, schools, libraries and other property regularly used by the general public.


Public property is property which is dedicated to the use of the public. It is a subset of state property.The term may be used either to describe the use to which the property is put, or to describe the character of its ownership (owned collectively by the population of a state). This is in contrast to private property, owned by an individual person or artificial entities that represent the financial interests of persons, such as corporations. State ownership also called public ownership, government ownership or state property, are property interests that are vested in the state, rather than an individual or communities.

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