When discussing tangible goods, which of the following refers specifically to personal property?

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The term that specifically refers to personal property in the context of tangible goods is chattels. Chattels are movable personal property that can be owned and are distinct from real property, which includes land and anything permanently attached to it. Examples of chattels include furniture, vehicles, and machinery, all of which are considered personal property because they can be physically removed or transferred.

The other options do not correctly define personal property in this manner. Intangible assets represent non-physical items with value, such as patents or trademarks, which do not fit the description of tangible goods. Real estate, on the other hand, pertains to land and fixtures, making it part of real property, not personal. Industrial equipment is a category of tangible assets but does not encapsulate the broader definition of personal property like chattels does. Thus, chattels stands out as the term specifically referencing personal property among tangible goods.

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