Definition, Meaning & Synonyms
common-property
Noun
/ˈkɒmən ˈprɒpərti/
Definition
A resource or asset that is jointly owned and used by a group of individuals or the public.
Examples
- The park is a common property that everyone can enjoy.
- Fishing in the lake is allowed, as it is considered a common-property resource.
- Common-property areas are crucial for community cohesion.
Meaning
Common property refers to resources that are not owned by any one individual but are available for use and benefit by all members of a community or society, such as parks, rivers, and air.
Synonyms
- Public property
- Shared resource
- Collective ownership
- Community asset
