Property, in the abstract, is what belongs to or with something, whether as an attribute or as a component of said thing. In the context of this article, it is one or more components (rather than attributes), whether physical or incorporeal, of a person's estate; or so belonging to, as in being owned by, a person or jointly a group of people or a legal entity like a corporation or even a society. Depending on the nature of the property, an owner of property has the right to consume, alter, share, redefine, rent, mortgage, pawn, sell, exchange, transfer, give away or destroy it, or to exclude others from doing these things, as well as to perhaps abandon it; whereas regardless of the nature of the property, the owner thereof has the right to properly use it (as a durable, mean or factor, or whatever), or at the very least exclusively keep it.
A man wants no protection when his conduct is strictly right.
William Murray, 1st Earl of Mansfield, Bird v. Gunston (1785), 3 Doug. 275; reported in James William Norton-Kyshe, Dictionary of Legal Quotations (1904), p. 212.
The league at Allstedt wanted to establish this principle, Omnia sunt communia, ‘All property should be held in common’ and should be distributed to each according to his needs, as the occasion required. Any prince, count, or lord who did not want to do this, after first being warned about it, should be beheaded or hanged.
Thomas Müntzer, in Revelation and Revolution: Basic Writings of Thomas Müntzer (1993), p. 200.
It will perhaps be objected to this, that “if gathering the acorns, or other fruits of the earth, etc. makes a right to them, then any one may engross as much as he will.” To which I answer, Not so. The same law of nature, that does by this means give us property, does also bound that property too. God has given us all things richly ... But how far has he given it us? To enjoy. As much as any one can make use of to any advantage of life before it spoils, so much he may by his labor fix a property in: whatever is beyond this, is more than his share, and belongs to others.
John Locke, Two Treatises of Civil Government, pp. 355-356.