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TeachMeFinance.com - explain property property 'property' is an military term meaning '(DOD) 2. As used in the military establishment, this term is usually confined to tangible property, including real estate and materiel. For special purposes and as used in certain statutes, this term may exclude such items as the public domain, certain lands, certain categories of naval vessels, and records of the Federal Government'. Previous 5 Terms: propaganda propelled mine proper authority_ proper clearance _ property- Next 5 Terms: protected emblems protected frequencies protected persons-places_ protected site _ protection- Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.