The best Side of property

The best Side of property

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widespread property Neighborhood property mental property personalized property property harm property damage insurance property appropriate property tax public property

compare tenancy in popular at tenancy — Local community property : property held jointly by husband and spouse exclusively : property Specifically from work obtained by either wife or husband right after relationship which is deemed in states using a Neighborhood property procedure to belong to equally spouses as undivided 1-50 % passions

of the corporation : property belonging to a selected particular person — certified terminable fascination property : property passing into a surviving spouse that qualifies for that marital deduction In the event the executor so elects providing the spouse is entitled to obtain income in payments designed at the very least annually for life and that not one person has a power to appoint any Element of the property to any person aside from the surviving wife or husband

see also antenuptial arrangement Take note: In most states, upon divorce marital property is split In accordance with what the courtroom determines is equitable. — movable property : property (as personalized property or crops) which might be moved — private property : property (to be a automobile) that is definitely movable but not which include crops or other resources even now attached to land : property aside from real property a tax on the non-public property

— real property : property consisting of land, structures, crops, or other means still connected to or throughout the land or improvements or fixtures completely hooked up for the land or maybe a composition on Furthermore, it : an interest, reward, right, or privilege in these kinds of property

termed also immovable property — separate property : property of a husband or wife that's not community property or marital property Specifically : property obtained by a wife or husband prior to relationship or separately throughout marriage (as by present or normally by inheritance) — tangible property : property that includes a tangible and corporeal existence and intrinsic economic worth on account of it the coverage coverage restricted property injury coverage to tangible property

These examples are programmatically compiled from different on the internet resources As an example recent utilization on the phrase 'property.' Any thoughts expressed inside the illustrations tend not to stand for All those of Merriam-Webster or its editors. Send out us feed-back about these illustrations.

— marital property : property acquired by either spouse throughout the program of a marriage which is matter to division on divorce

see also asset, estate, desire perception one, possession feeling 1e — deserted property : property to which the proprietor has relinquished all legal rights Observe: When property is deserted, the operator gives up the sensible expectation of privacy about it. The finder of deserted property is entitled to keep it, as well as a police officer may possibly choose possession of deserted property as evidence without violating the guarantee towards unreasonable searches and seizures in the Fourth Amendment for the U.S. Constitution. — right after-acquired property : property (as proceeds) that a debtor acquires following the commencement of a personal bankruptcy scenario and that's commonly considered A part of the bankruptcy estate : property acquired once the perfection of the lien or stability desire Primarily : such property obtained once the development of a lien or security interest that may be issue to your lien or results in being collateral for the safety fascination : property transferred to the estate of a decedent after execution with the will — prevalent property : property owned or utilized by more than one bash exclusively : property owned or leased by tenants in typical

possession in indivision at ownership Note: The states acquiring Neighborhood property laws are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property On more info this entry exclusively, while in the civil regulation of Louisiana : tracts of land with their part elements — intangible property : property (as being a inventory certificate or professional license) that derives price not from its intrinsic physical mother nature but from what it represents — mental property

of not conducting heat character applies to a peculiar and exclusive high quality of a factor or a category.

a : an outstanding or trait belonging and especially peculiar to somebody or factor b : an outcome that an object has on A further item or on the senses c : advantage sense two d : an attribute typical to all customers of a class

a : a thing owned or possessed particularly : a bit of real estate b : the unique ideal to have, appreciate, and eliminate a factor : possession c : some thing to which somebody or company provides a legal title d : one particular (such as a performer) who's less than contract and whose get the job done is especially beneficial e : a ebook or script purchased for publication or creation

property indicates a characteristic that belongs into a point's necessary nature and should be used to describe a sort or species.

see also QTIP believe in at rely on Note: Beneath federal tax regulation the property should be A part of the gross estate of your surviving husband or wife at his / her possess Dying, in which it can be subject to taxation.