EverQuest 2 Wiki
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Summary of Item Flags

Lore
you can have only 1 of those items in your bags or equppied
Lore-Equip
you can have only 1 of those items equppied, but multiple items in your bag
Heirloom
You can't trade this item with other players, but you can use the Shared bank to transfer it to other alts
No-Trade
You can't trade this item with other players and you can't place it in the shared bank
No-Value
you can't sell the item to a NPC and you can't salvage or transmute it
No-Destroy
You can't destroy or sell this item to an NPC
Attuneable
you need to Attune it before you can use/equip it
Attuned
This item is attuned to you, you can't trade it or place it in the shared bank
Indestructible‎
You can't destroy, reforge or sell this item and when you die it doesn't take damage.
Ornate
you can't transmute or salvage the item
Artifact
Artifacts can only be obtained once per server
no-Salvage
you can't salvage the item
no-transmute
you can't transmute the item
Infusable
the item is infuseable
Building-Block
they count as building-blocks in the house and have their own limit, for more information see here.
no-zone
you will "loose" the item when you leave your current zone. In many cases you get the item again when you reenter the zone or there is box where you can pick the item up again
Temporary
The item will vanish after specific time. for example rez items from healers vanish after 1hour from your inventory
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