Which term describes anything that is not classified as real property?

The term that describes anything not classified as real property is personal property. Personal property encompasses all movable items that are not attached to or associated with land or buildings. This category includes items like vehicles, furniture, and electronics.

Real property, in contrast, refers to land and anything permanently affixed to it, such as buildings and structures. Fixtures, which are items that were once personal property but have been attached to the property in a way that they are now considered part of the real estate, do not fall under the category of personal property. Equity refers to the value of an ownership interest in property, after deducting liabilities, but does not pertain to the classification of the property itself. Thus, personal property is the correct term that distinguishes movable items from immovable real property.