surplus property

surplus property
An excess of property seized under a writ of attachment or execution over the amount required to satisfy the indebtedness of the defendant. 6 Am J2d Attach § 145; 30 Am J2d Exec § 230. Goods purchased for use by the armed forces, the need for which has disappeared with the termination of hostilities and the release or discharge of military personnel.

Ballentine's law dictionary. . 1998.

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  • Property — • The person who enjoys the full right to dispose of it insofar as is not forbidden by law Catholic Encyclopedia. Kevin Knight. 2006. Property     Property      …   Catholic encyclopedia

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  • property tax — a tax levied on real or personal property. [1800 10] * * * Levy imposed on real estate (land and buildings) and in some jurisdictions on personal property such as automobiles, jewelry, and furniture. Some countries also levy property taxes on… …   Universalium

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