Public Property

Description

From the Wikipedia:

"Public property is property which is owned by the state, city, community or tribe. This is in contrast to private property, owned by a individual person or artificial entities that represent the financial interests of persons, such as corporations. State ownership, also called public ownership, government ownership or state property, are property interests that are vested in the state, rather than an individual or communities." (http://en.wikipedia.org/wiki/Public_property)

Discussion

Michel Bauwens:

At the P2P Foundation, we would tend to use public property, as vested in a state-like entity separate from its individual members, from Common Property, where individual members still directly co-own the resource.