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This paper aims to provide an answer to the question: What is property? Initially, two different uses of the term “property” will be outlined, and an attempt will be made to show how they can be explained in two different ways. The two explanations share some aspects, the analysis of which will lead to the minimal sense of the word “property”. This sense, which can be seen as the concept of property and as a specific type of answer to the initial question, will be distinguished from the conceptions of property. Then, the relationship between this concept and the notions of person and good will be analyzed, together with a problem related to the transfer of property. Finally, some general conclusions regarding the usefulness of the type of answer here provided to the initial question will be formulated.