What term refers to property that holds value and can be sold or leased?

The term that refers to property that holds value and can be sold or leased is "property." In real estate and financial contexts, "property" encompasses any tangible or intangible item of value that can be owned. This includes land, buildings, and other real estate interests. The definition implies that property must have monetary worth and the potential for transferability—either through sale or lease—highlighting its role as an asset in both personal and investment portfolios.

While "land" is a specific type of property, it does not encompass all forms of real estate. "Investment" refers to the act of allocating resources in hopes of generating profit, which may involve property but does not directly define the property itself. "Assets" is a broader term that includes various forms of value (like cash or stocks) beyond just real estate. Therefore, "property" is the most accurate choice for the type of value-holding entity that can be sold or leased.