Which type of property encompasses physical items like vehicles and buildings?

Tangible property refers to physical items that can be touched, seen, or physically measured. This category includes vehicles, buildings, machinery, equipment, and inventory. These items have a physical presence and are essential to businesses and personal ownership, as they can be used, sold, or collateralized.

In contrast, intangible property refers to non-physical assets such as patents, trademarks, and copyrights, which do not have a physical embodiment. Liquid property isn't a recognized classification in standard property definitions, and while fixed assets might also refer to substantial, long-term tangible items that serve a business function, they do not encompass all physical items in the same broad sense that tangible property does. Thus, tangible property is the most accurate choice, as it directly addresses the question regarding physical items like vehicles and buildings.