The best Side of property

The best Side of property

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widespread property Neighborhood property intellectual property personal property property damage property destruction insurance property right property tax general public property

Review tenancy in prevalent at tenancy — Neighborhood property : property held jointly by husband and spouse particularly : property Particularly from employment acquired by possibly wife or husband soon after marriage that's considered in states having a Neighborhood property system to belong to both of those spouses as undivided one-half pursuits

on the corporation : property belonging to a selected man or woman — competent terminable interest property : property passing to your surviving partner that qualifies for the marital deduction Should the executor so elects delivering the spouse is entitled to acquire profits in payments created at the very least annually for all times and that nobody has an influence to appoint any Component of the property to any person aside from the surviving spouse

see also antenuptial settlement Observe: In many states, on divorce marital property is divided In keeping with exactly what the court docket decides is equitable. — movable property : property (as own property or crops) which can be moved — personal property : property (being a vehicle) that is definitely movable but not like crops or other resources even now attached to land : property besides real property a tax on the non-public property

— real property : property consisting of land, structures, crops, or other means nevertheless hooked up to or inside the land or advancements or fixtures completely attached on the land or a framework on Additionally, it : an fascination, advantage, suitable, or privilege in this sort of property

identified as also immovable property — independent property : property of the partner that's not Neighborhood property or marital property Specially : property obtained by a partner in advance of marriage or individually for the duration of marriage (as by present or often by inheritance) — tangible property : property which has a tangible and corporeal existence and intrinsic financial benefit due to it the insurance plan plan restricted property injury protection to tangible property

These illustrations are programmatically compiled from various on the internet resources For example current usage in the phrase 'property.' Any viewpoints expressed in the examples usually do not depict Individuals of Merriam-Webster or its editors. Send out us feed-back about these illustrations.

— marital property : property acquired by either partner during the program of a marriage that is certainly subject matter to division on divorce

see also asset, estate, desire perception one, possession sense 1e — abandoned property : property to which the owner has relinquished all rights Be aware: When property is abandoned, the owner provides up the sensible expectation of privacy regarding it. The finder of abandoned property is entitled to help keep it, plus a law enforcement officer may possibly acquire possession of deserted property as proof devoid of violating the ensure from unreasonable queries and seizures from the Fourth Modification to your U.S. Structure. — immediately after-obtained property : property (as proceeds) that a debtor acquires following get more info the commencement of a personal bankruptcy situation and that is generally considered A part of the individual bankruptcy estate : property obtained following the perfection of a lien or safety interest Primarily : these types of property obtained following the creation of a lien or protection curiosity which is subject to the lien or results in being collateral for the security interest : property transferred to your estate of the decedent soon after execution from the will — common property : property owned or utilized by more than one bash exclusively : property owned or leased by tenants in frequent

ownership in indivision at possession Observe: The states obtaining community property guidelines are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property During this entry exclusively, inside the civil law of Louisiana : tracts of land with their ingredient areas — intangible property : property (as being a inventory certification or Expert license) that derives benefit not from its intrinsic Bodily nature but from what it signifies — mental property

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

a : an outstanding or trait belonging and especially peculiar to someone or point b : an outcome that an object has on another item or on the senses c : advantage sense 2 d : an attribute common to all users of a class

a : some thing owned or possessed exclusively : a piece of real estate b : the distinctive right to have, take pleasure in, and eliminate a issue : ownership c : one thing to which anyone or organization features a lawful title d : a single (for instance a performer) who's underneath contract and whose get the job done is especially worthwhile e : a book or script bought for publication or generation

property implies a attribute that belongs to some matter's important nature and may be used to describe a sort or species.

see also QTIP have faith in at trust Take note: Below federal tax regulation the property need to be included in the gross estate on the surviving wife or husband at his / her individual death, where by it really is subject matter to taxation.