Assets owned by federal, state or local governments. This may include residential, commercial and industrial land, as well as other physical assets, such as machinery. Property may become government-owned property through normal purchases or if it is foreclosed on for failure to pay taxes, or for other reasons. Government-owned property may also refer to the property administered by the federal government, such as consulate buildings and embassies. Property that is owned by the government is typically exempt from being taxed.
Investors interested in land can attend an auction of government-owned property, which may ultimately be sold at attractive prices. For example, the government may seize capital equipment from a manufacturer who declared bankruptcy and owed a substantial amount of taxes. It may auction this off to other manufacturers, who are likely to pay less for the used equipment than they would if they purchased brand new equipment.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
Government-owned corporation — A government owned corporation, state owned company, state owned entity, state enterprise, publicly owned corporation, government business enterprise, or parastatal is a legal entity created by a government to undertake commercial activities on… … Wikipedia
Property — is any physical or virtual entity that is owned by an individual. An owner of property has the right to consume, sell, mortgage, transfer and exchange his or her property.cite web|url=http://www.businessdictionary.com/definition/property.html|titl… … Wikipedia
property — prop·er·ty n pl ties [Anglo French propreté proprieté, from Latin proprietat proprietas, from proprius own, particular] 1: something (as an interest, money, or land) that is owned or possessed see also asset, estate, interest … Law dictionary
property tax — n: a tax levied on real or personal property (as by a municipality) compare excise, income tax Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
property law — Introduction principles, policies, and rules by which disputes over property are to be resolved and by which property transactions may be structured. What distinguishes property law from other kinds of law is that property law deals with… … Universalium
Government of Croatia — Croatia This article is part of the series: Politics and government of Croatia … Wikipedia
Government of Nicaragua — Nicaragua is a constitutional democracy with executive, legislative, judicial, and electoral branches of government. The President of Nicaragua is both head of state and head of government. Executive power is exercised by the government.… … Wikipedia
property — propertyless, n. /prop euhr tee/, n., pl. properties. 1. that which a person owns; the possession or possessions of a particular owner: They lost all their property in the fire. 2. goods, land, etc., considered as possessions: The corporation is… … Universalium
Government operations — This article aims to describe the financial expenditure associated with the operations and processes of world governments of all levels. ize of economic footprintThe scale to which government should exist and operate in the world is a matter of… … Wikipedia
Government warehouse (non-fiction) — This article is about normal government owned or operated warehouses, for the entity of conspiracy theories or the plot device used in fiction, see Government Warehouse. A government warehouse is a warehouse owned or operated by a government, for … Wikipedia