The Greatest Guide To property

The Greatest Guide To property

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widespread property community property intellectual property individual property property destruction property problems insurance policies property proper property tax general public property

Assess tenancy in widespread at tenancy — Neighborhood property : property held jointly by partner and wife particularly : property especially from work acquired by either husband or wife soon after marriage that is considered in states getting a community property procedure to belong to both equally spouses as undivided one particular-half pursuits

from the corporation : property belonging to a specific person — skilled terminable curiosity property : property passing to a surviving husband or wife that qualifies to the marital deduction When the executor so elects furnishing the husband or wife is entitled to receive money in payments manufactured at the very least annually for all times Which no-one has an influence to appoint any Component of the property to any person besides the surviving wife or husband

see also antenuptial agreement Observe: For most states, upon divorce marital property is divided As outlined by what the court decides is equitable. — movable property : property (as personalized property or crops) which might be moved — personal property : property (as being a motor vehicle) that is definitely movable but not such as crops or other means still connected to land : property aside from real property a tax on the non-public property

— real property : property consisting of land, buildings, crops, or other sources even now hooked up to or within the land or enhancements or fixtures completely connected into the land or perhaps a construction on What's more, it : an interest, advantage, appropriate, or privilege in these types of property

referred to as also immovable property — different property : property of a husband or wife that's not community property or marital property In particular : property acquired by a partner right before marriage or individually in the course of relationship (as by reward or normally by inheritance) — tangible property : property which has a tangible and corporeal existence and intrinsic financial benefit due to it the coverage plan restricted property injury protection to tangible property

These illustrations are programmatically compiled from many online sources For instance recent utilization with the term 'property.' Any viewpoints expressed within the examples usually do not depict Those people of Merriam-Webster or its editors. Send us feedback about these examples.

— marital property : property acquired by possibly wife or husband during the program of a marriage which is subject matter to division on divorce

see also asset, estate, interest sense 1, possession feeling 1e — abandoned property : property to which the owner has relinquished all rights Notice: When property is abandoned, the proprietor provides up the realistic expectation of privateness regarding it. The finder of deserted property is entitled to maintain it, in addition to a law enforcement officer may well acquire possession of deserted property as evidence with out violating the warranty versus unreasonable lookups and seizures from the Fourth Amendment to the U.S. Structure. — just after-acquired property : property (as proceeds) that a debtor acquires after the commencement of a bankruptcy circumstance and that's usually considered part of the individual bankruptcy estate : property obtained following the perfection of a lien or stability fascination Specially : this sort of property acquired once the creation of the lien or safety interest that may be subject matter on the lien or turns into collateral for the security desire : property transferred on the estate of a decedent after execution of your will — prevalent property : property owned or utilized by more than one occasion particularly : property owned or leased by tenants in popular

possession in indivision at ownership Note: The states acquiring Neighborhood property legal guidelines are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property in this entry specially, inside the civil law of Louisiana : tracts of land with their ingredient sections — intangible property : property (being a stock certification or Expert license) that derives value not from its intrinsic Actual physical character but from what it represents — mental property

of not conducting heat character relates to a peculiar and unique high quality of the detail or a category.

a : a top quality or trait belonging and especially peculiar to somebody or issue b : an impact that an item has on A different object or on the senses c : advantage sense two d : an attribute widespread to all associates of a category

a : a thing owned or possessed especially : a piece of real estate b : the exceptional proper to possess, love, and get rid of a factor : possession c : one thing to which a person or small business features a lawful title d : one particular (such as a performer) that is less than agreement and whose operate is especially precious e : a guide or script procured for publication or manufacturing

property indicates a characteristic that belongs into a thing's vital mother nature and will be used to explain a sort or species.

see also QTIP have faith in at believe in Observe: Under federal tax legislation the property must be included in the gross estate of your surviving check here partner at his / her very own Dying, where by it truly is subject to taxation.