The Single Best Strategy To Use For property

The Single Best Strategy To Use For property

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frequent property community property mental property particular property property injury property problems insurance plan property proper property tax community property

Evaluate tenancy in popular at tenancy — Local community property : property held jointly by spouse and spouse exclusively : property Particularly from employment obtained by either wife or husband right after relationship that is certainly deemed in states using a Neighborhood property procedure to belong to equally spouses as undivided a single-50 % passions

with the corporation : property belonging to a certain person — experienced terminable interest property : property passing into a surviving wife or husband that qualifies for the marital deduction In case the executor so elects supplying which the husband or wife is entitled to receive profits in payments made at the least annually for all times Which no-one has a power to appoint any Component of the property to anyone other than the surviving partner

see also antenuptial settlement Be aware: In the majority of states, on divorce marital property is divided As outlined by exactly what the court docket determines is equitable. — movable property : property (as particular property or crops) which might be moved — private property : property (for a car) that is certainly movable although not such as crops or other assets however attached to land : property besides real property a tax on the private property

— real property : property consisting of land, properties, crops, or other sources even now hooked up to or within the land or enhancements or fixtures completely hooked up to your land or perhaps a framework on it also : an curiosity, advantage, appropriate, or privilege in such property

referred to as also immovable property — individual property : property of the wife or husband that is not Neighborhood property or marital property Particularly : property obtained by a spouse just before relationship or separately throughout marriage (as by present or typically by inheritance) — tangible property : property that includes a tangible and corporeal existence and intrinsic financial price thanks to it the insurance policy restricted property injury coverage to tangible property

These examples are programmatically compiled from a variety of online sources As an example present-day usage from the phrase 'property.' Any viewpoints expressed in the examples tend not to characterize those of Merriam-Webster or its editors. Deliver us comments about these examples.

— marital property : property obtained by both partner in the program of a relationship that is definitely issue to division upon divorce

see also asset, estate, curiosity feeling one, possession perception 1e — abandoned property : property to which the operator has relinquished all legal rights Take note: When property is deserted, the proprietor gives up the sensible expectation of privateness about it. The finder of deserted property is entitled to keep it, along with a law enforcement officer may consider possession of abandoned property as proof without the need of violating the guarantee versus unreasonable lookups and seizures from the Fourth Modification to the U.S. Constitution. — right after-obtained property : property (as proceeds) that a debtor acquires following the commencement of the individual bankruptcy circumstance and that's usually regarded as Portion of the personal bankruptcy estate : property obtained following the perfection of the lien or protection desire Particularly : such property obtained following the development of a lien or protection desire that is subject towards the lien or gets to be collateral for the security curiosity : property transferred for the estate of a decedent soon after execution on the will — prevalent property : property owned or employed by multiple party precisely : property owned or leased by tenants in widespread

ownership in indivision at ownership Take note: The states possessing Neighborhood property rules are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property In this particular entry particularly, within the civil law of Louisiana : tracts of land with their element components — intangible property : property (like a stock certificate or Expert license) that derives value not read more from its intrinsic Bodily nature but from what it signifies — intellectual property

of not conducting warmth character relates to a peculiar and distinctive high quality of a factor 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 another item or over the senses c : advantage perception 2 d : an attribute frequent to all members of a class

a : anything owned or possessed exclusively : a piece of real estate b : the unique correct to possess, enjoy, and dispose of a thing : possession c : a little something to which somebody or small business provides a authorized title d : one particular (like a performer) who's under contract and whose do the job is very precious e : a ebook or script obtained for publication or creation

property implies a characteristic that belongs to a detail's necessary character and will be utilized to describe a sort or species.

see also QTIP believe in at trust Take note: Underneath federal tax legislation the property has to be included in the gross estate in the surviving wife or husband at his or her very own Dying, exactly where it truly is issue to taxation.