chose in action

English

Noun

chose in action (plural choses in action)

Examples
debts copyright trademarks company shares right to sue for breach of contract Note that without a functioning legal system (for example, under anarchy), these property rights would be void.

1. (property law) property, especially intangible ones, that can only be claimed or enforced by legal action

   Antonym: chose in possession

   Synonym: thing in action