What is the definition of "personal property" in Coast Guard terms?

The definition of "personal property" in Coast Guard terms encompasses both tangible and intangible items that the Coast Guard owns which are not classified as real property. This category includes various kinds of property that may be physically present, such as equipment, furniture, and vehicles, as well as intangible assets like patents, trademarks, and software. This broad definition allows for a complete understanding of the types of ownership and assets that the Coast Guard is responsible for managing, ensuring that both physical items and non-physical rights and privileges are included in property management practices. Recognizing both tangible and intangible personal property is essential for accountability and effective resource management within the organization.