The Single Best Strategy To Use For property

The Single Best Strategy To Use For property

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prevalent property community property mental property personalized property property harm property destruction insurance plan property correct property tax general public property

Examine tenancy in common at tenancy — Local community property : property held jointly by husband and spouse especially : property Primarily from employment obtained by both spouse immediately after marriage that may be deemed in states aquiring a Neighborhood property system to belong to equally spouses as undivided one-50 % interests

of your corporation : property belonging to a certain person — certified terminable curiosity property : property passing to your surviving wife or husband that qualifies for the marital deduction In case the executor so elects furnishing that the spouse is entitled to acquire profits in payments manufactured at least each year for life Which not one person has a power to appoint any part of the property to anyone aside from the surviving partner

see also antenuptial agreement Observe: In many states, on divorce marital property is split In accordance with what the court docket determines is equitable. — movable property : property (as particular property or crops) which can be moved — individual property : property (to be a motor vehicle) that's movable although not like crops or other resources however connected to land : property in addition to real property a tax on the private property

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

termed also immovable property — different property : property of a wife or husband that is not Local community property or marital property Particularly : property obtained by a wife or husband just before relationship or individually for the duration of marriage (as by present or generally by inheritance) — tangible property : property that has a tangible and corporeal existence and intrinsic economic benefit due to it the insurance plan policy restricted property destruction coverage to tangible property

These illustrations are programmatically compiled from various on the internet resources to illustrate recent use from the word 'property.' Any views expressed during the examples usually do not characterize those of Merriam-Webster or its editors. Ship us responses about these illustrations.

— marital property : property acquired by both husband or wife in the program of a marriage that is definitely issue to division upon divorce

see also asset, estate, curiosity feeling one, possession perception 1e — deserted property : property to which the owner has relinquished all rights Be aware: When property is deserted, the proprietor presents up the reasonable expectation of privacy regarding it. The finder of abandoned property is entitled to help keep it, as well as a law enforcement officer may well choose possession of abandoned property as evidence with out violating the ensure in opposition to unreasonable lookups and seizures during the Fourth Modification to 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 viewed as A part of the individual bankruptcy estate : property obtained after the perfection of a lien or security interest Particularly : this sort of property acquired after the creation of a lien or security interest that may be issue into the lien or gets to be collateral for the security interest : property transferred to your estate of a decedent right after execution of the will — popular property : property owned or utilized by multiple get together specifically : property owned or leased by tenants in common

possession in indivision at ownership Note: The states owning Local community property legal guidelines are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property more info : real property Within this entry specifically, during the civil legislation of Louisiana : tracts of land with their ingredient areas — intangible property : property (as being a inventory certification or Skilled license) that derives price not from its intrinsic physical mother nature but from what it signifies — intellectual property

of not conducting warmth character applies to a peculiar and distinct good quality of a detail or a category.

a : an outstanding or trait belonging and particularly peculiar to somebody or point b : an outcome that an object has on Yet another item or around the senses c : advantage feeling two d : an attribute frequent to all members of a category

a : a little something owned or possessed particularly : a bit of real estate b : the distinctive right to have, appreciate, and eliminate a factor : possession c : anything to which anyone or organization has a authorized title d : a person (such as a performer) that is under agreement and whose work is very beneficial e : a e book or script bought for publication or generation

property implies a attribute that belongs to a point's necessary mother nature and will be made use of to describe a kind or species.

see also QTIP believe in at have faith in Note: Beneath federal tax regulation the property has to be A part of the gross estate from the surviving wife or husband at his or her individual Loss of life, wherever it really is issue to taxation.