effects vs private property

effects and private property both are nouns.

Word	Noun	Adjective	Verb	Adverb
effects	Yes	No	No	No
private property	Yes	No	No	No

As nouns, private property is a hypernym of effects; that is, private property is a word with a broader meaning than effects:

effects: property of a personal character that is portable but not used in business
private property: movable property (as distinguished from real estate)

Other hypernyms of effects include personal estate, personal property, personalty.

effects (noun)	private property (noun)
property of a personal character that is portable but not used in business	movable property (as distinguished from real estate)