New Step by Step Map For property

New Step by Step Map For property

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typical property community property mental property particular property property problems property harm insurance policies property proper property tax public property

Look at tenancy in prevalent at tenancy — Neighborhood property : property held jointly by husband and spouse exclusively : property In particular from work obtained by both partner after relationship which is considered in states getting a community property method to belong to the two spouses as undivided 1-50 percent interests

with the corporation : property belonging to a certain person — skilled terminable curiosity property : property passing to the surviving partner that qualifies with the marital deduction In the event the executor so elects furnishing the wife or husband is entitled to obtain money in payments created not less than each year for all times and that not one person has a power to appoint any Component of the property to any person aside from the surviving wife or husband

see also antenuptial arrangement Take note: In many states, on divorce marital property is divided In line with just what the court establishes is equitable. — movable property : property (as individual property or crops) that could be moved — individual property : property (for a vehicle) that is certainly movable although not which includes crops or other assets continue to attached to land : property besides real property a tax on the personal property

— real property : property consisting of land, structures, crops, or other means nonetheless hooked up to or within the land or enhancements or fixtures forever attached for the land or maybe a structure on Furthermore, it : an desire, advantage, appropriate, or privilege in these types of property

known as also immovable property — individual property : property of the spouse that isn't Group property or marital property Particularly : property acquired by a wife or husband before marriage or independently during marriage (as by present or normally by inheritance) — tangible property : property that has a tangible and corporeal existence and intrinsic economic price because of it the insurance policy coverage limited property harm coverage to tangible property

These illustrations are programmatically compiled from various on the internet resources For example present utilization with the word 'property.' Any thoughts expressed while in the illustrations do not depict Those people of Merriam-Webster or its editors. Send us comments about these illustrations.

— marital property : property obtained by possibly spouse through the system of the relationship that is topic to division upon divorce

see also asset, estate, curiosity sense 1, possession perception 1e — abandoned property : property to which awards for contractors the proprietor has relinquished all legal rights Observe: When property is abandoned, the operator presents up the acceptable expectation of privateness about it. The finder of abandoned property is entitled to keep it, plus a police officer might consider possession of abandoned property as evidence devoid of violating the warranty in opposition to unreasonable queries and seizures inside the Fourth Amendment to the U.S. Structure. — immediately after-obtained property : property (as proceeds) that a debtor acquires following the commencement of a individual bankruptcy circumstance and that is usually considered part of the individual bankruptcy estate : property obtained following the perfection of a lien or stability interest Particularly : this sort of property acquired after the generation of a lien or safety interest that may be topic to your lien or gets to be collateral for the safety interest : property transferred for the estate of a decedent following execution of the will — popular property : property owned or used by more than one get together specifically : property owned or leased by tenants in frequent

ownership in indivision at ownership Notice: The states acquiring Local community property guidelines are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property in this entry specifically, within the civil law of Louisiana : tracts of land with their element elements — intangible property : property (like a stock certificate or Skilled license) that derives value not from its intrinsic physical nature but from what it represents — intellectual property

of not conducting heat character applies to a peculiar and distinctive quality of a thing or a class.

a : a quality or trait belonging and especially peculiar to an individual or thing b : an effect that an object has on A further item or over the senses c : advantage perception two d : an attribute prevalent to all users of a category

a : a little something owned or possessed especially : a bit of real estate b : the unique suitable to possess, get pleasure from, and dispose of a point : possession c : some thing to which someone or business includes a lawful title d : one (like a performer) that's under agreement and whose do the job is particularly valuable e : a ebook or script purchased for publication or manufacturing

property indicates a characteristic that belongs to the factor's necessary nature and will be utilised to explain a kind or species.

see also QTIP have confidence in at have confidence in Be aware: Below federal tax law the property must be A part of the gross estate in the surviving wife or husband at his or her possess death, the place it is matter to taxation.