The Single Best Strategy To Use For property

The Single Best Strategy To Use For property

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common property Local community property intellectual property personal property property problems property injury insurance coverage property proper property tax public property

Look at tenancy in widespread at tenancy — Group property : property held jointly by spouse and wife specially : property Specifically from work obtained by either wife or husband following relationship that is certainly deemed in states getting a community property technique to belong to each spouses as undivided one particular-half passions

of the corporation : property belonging to a selected man or woman — certified terminable curiosity property : property passing to the surviving partner that qualifies with the marital deduction In case the executor so elects providing the wife or husband is entitled to receive profits in payments produced at the least annually for all times and that no person has a power to appoint any part of the property to any person other than the surviving husband or wife

see also antenuptial arrangement Take note: For most states, upon divorce marital property is split according to exactly what the courtroom establishes is equitable. — movable property : property (as private property or crops) that could be moved — personal property : property (being a car or truck) that's movable but not together with crops or other sources even now hooked up to land : property apart from real property a tax on the personal property

— real property : property consisting of land, structures, crops, or other methods still attached to or in the land or advancements or fixtures permanently attached to your land or a construction on What's more, it : an desire, benefit, proper, or privilege in these kinds of property

termed also immovable property — separate property : property of a partner that isn't Group property or marital property Primarily : property obtained by a partner in advance of marriage or independently all through marriage (as by gift or frequently by inheritance) — tangible property : property which has a tangible and corporeal existence and intrinsic financial price thanks to it the insurance policy restricted property hurt protection to tangible property

These illustrations are programmatically compiled from numerous on the internet resources As an instance present-day usage from the phrase 'property.' Any views expressed from the examples don't symbolize People of Merriam-Webster or its editors. Send out us feedback about these examples.

— marital property : property obtained by possibly wife or husband during the training course of the relationship that may be issue website to division upon divorce

see also asset, estate, desire feeling one, possession perception 1e — abandoned property : property to which the owner has relinquished all rights Notice: When property is deserted, the operator gives up the affordable expectation of privacy relating to it. The finder of deserted property is entitled to maintain it, and a police officer may possibly acquire possession of abandoned property as evidence without violating the assure against unreasonable lookups and seizures while in the Fourth Modification into the U.S. Constitution. — right after-acquired property : property (as proceeds) that a debtor acquires after the commencement of the individual bankruptcy scenario and that is typically regarded Element of the individual bankruptcy estate : property acquired after the perfection of a lien or safety curiosity Specially : these kinds of property obtained after the creation of a lien or protection fascination that is definitely issue to the lien or gets to be collateral for the safety fascination : property transferred for the estate of a decedent just after execution with the will — common property : property owned or used by more than one celebration especially : property owned or leased by tenants in frequent

ownership in indivision at ownership Notice: The states having Local community property legal guidelines are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property In this particular entry specially, from the civil regulation of Louisiana : tracts of land with their ingredient pieces — intangible property : property (to be a stock certificate or Qualified license) that derives worth not from its intrinsic physical character but from what it represents — intellectual property

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

a : a top quality or trait belonging and especially peculiar to a person or thing b : an outcome that an object has on another item or about the senses c : advantage feeling two d : an attribute widespread to all members of a category

a : some thing owned or possessed precisely : a piece of real estate b : the special proper to possess, get pleasure from, and eliminate a factor : ownership c : anything to which anyone or business incorporates a legal title d : one particular (such as a performer) who's underneath contract and whose operate is very useful e : a reserve or script obtained for publication or generation

property implies a attribute that belongs to a point's essential character and could be utilized to explain a type or species.

see also QTIP have faith in at believe in Observe: Under federal tax legislation the property needs to be included in the gross estate with the surviving husband or wife at her or his very own death, where it is actually issue to taxation.