The legal phrase that describes the right to recover money or other personal property through a judicial proceeding, including the right to recover something under a contract, such as money owed on a note, as well as the right to recover damages for a tort or private wrong, is known as:

The correct answer to the following question will be "Choses in action".

Explanation:

The word which is used to characterize a right to liberty and property or the right to ownership of doing something which could only be secured or imposed through legal proceedings is "Choses in action".This defines the right of action that a party holds in an entity.This use of choice differs throughout the judiciary from either the British use of French.

Therefore, it's the right answer.