What does personal property encompass?

The correct choice encompasses all property that is not classified as real estate or realty. Personal property includes a wide range of tangible and intangible items that individuals or businesses own, such as furniture, vehicles, equipment, and even financial instruments like stocks and bonds. This broad definition allows for the inclusion of various types of movable assets and other possessions that do not fall under the category of land or buildings.

In contrast, the other options narrow the scope in ways that do not reflect the full definition of personal property. Personal property is not limited solely to movable assets, as it also includes intangible assets. Similarly, it is much more than just investments and securities, which are merely a subset of what can be classified as personal property. Real estate holdings are explicitly excluded from the category of personal property, as they are classified as real property. Overall, recognizing personal property as all assets outside of realty offers a comprehensive understanding of what constitutes personal property.