BONA MOBILIA Meaning and
Definition
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Bona mobilia is a Latin term that translates to "movable goods" in English. It refers to personal property or assets that are tangible and can be easily moved from one location to another. Bona mobilia are distinct from immovable goods, known as real property, which include land and permanent structures.
In legal contexts, bona mobilia often come into play when discussing matters such as inheritance, taxation, or commercial transactions. This term encompasses a wide range of items, including but not limited to furniture, vehicles, jewelry, artwork, electronic devices, and collectibles. Essentially, any possession that is not attached to the land or permanently affixed to a structure falls under the category of bona mobilia.
Understanding the distinction between bona mobilia and real property is crucial as it can have different legal implications and consequences. Bona mobilia can be bought, sold, gifted, transferred, or inherited separately from immovable goods. Additionally, in cases of bankruptcy or debt settlement, bona mobilia may be subject to repossession or used as collateral.
Overall, bona mobilia represents the movable and tangible personal belongings of an individual, family, or organization. This concept of personal property is important in various legal, commercial, and financial contexts, providing a framework for understanding and managing assets that can be physically transported.
Etymology of BONA MOBILIA
The term "BONA MOBILIA" comes from Latin, where "Bona" means "goods" or "assets", and "Mobilis" means "movable" or "movable property". In legal terminology, "Bona Mobilia" refers to movable or personal property, as opposed to real estate or immovable property.
