New Step by Step Map For property

common property Neighborhood property intellectual property particular property property injury property damage coverage property appropriate property tax general public property

Assess tenancy in typical at tenancy — Group property : property held jointly by husband and spouse exclusively : property especially from work acquired by both spouse just after marriage that is considered in states having a Local community property method to belong to both equally spouses as undivided a single-50 % passions

of your corporation : property belonging to a selected individual — skilled terminable curiosity property : property passing to your surviving spouse that qualifies for that marital deduction When the executor so elects giving that the husband or wife is entitled to receive revenue in payments built at the least on a yearly basis for life Which nobody has an influence to appoint any part of the property to anyone other than the surviving partner

see also antenuptial settlement Notice: For most states, upon divorce marital property is divided In accordance with exactly what the courtroom decides is equitable. — movable property : property (as private property or crops) which can be moved — private property : property (like a automobile) which is movable but not which includes crops or other assets nevertheless connected to land : property aside from real property a tax on the private property

— real property : property consisting of land, structures, crops, or other assets nevertheless connected to or inside the land or enhancements or fixtures completely connected for the land or even a construction on In addition, it : an curiosity, reward, proper, or privilege in this sort of property

referred to as also immovable property — independent property : property of a partner that isn't Neighborhood property or marital property Particularly : property obtained by a wife or husband prior to relationship or separately throughout marriage (as by reward or often by inheritance) — tangible property : property which has a tangible and corporeal existence and intrinsic financial benefit because of it the insurance policy coverage limited property damage coverage to tangible property

These illustrations are programmatically compiled from many online sources As an instance present-day usage from the phrase 'property.' Any views expressed during the examples usually do not depict Those people of Merriam-Webster or its editors. Send us comments about these illustrations.

— marital property : property obtained by either spouse through the system of the relationship that's property management award topic to division on divorce

see also asset, estate, fascination perception 1, possession sense 1e — abandoned property : property to which the proprietor has relinquished all legal rights Observe: When property is deserted, the owner gives up the sensible expectation of privateness relating to it. The finder of deserted property is entitled to maintain it, as well as a law enforcement officer may consider possession of abandoned property as evidence with no violating the assurance versus unreasonable searches and seizures within the Fourth Amendment for the U.S. Structure. — immediately after-obtained property : property (as proceeds) that a debtor acquires once the commencement of a bankruptcy case and that is typically regarded Component of the individual bankruptcy estate : property obtained once the perfection of the lien or security interest Particularly : this sort of property acquired after the creation of a lien or safety fascination that is definitely issue into the lien or becomes collateral for the security interest : property transferred for the estate of a decedent right after execution on the will — common property : property owned or employed by multiple celebration precisely : property owned or leased by tenants in frequent

possession in indivision at ownership Observe: The states possessing community property rules are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property With this entry precisely, during the civil regulation of Louisiana : tracts of land with their ingredient sections — intangible property : property (to be a inventory certification or Qualified license) that derives price not from its intrinsic Actual physical mother nature but from what it signifies — mental property

of not conducting warmth character applies to a peculiar and unique top quality of a point or a class.

a : a high quality or trait belonging and especially peculiar to an individual or thing b : an effect that an object has on One more object or to the senses c : advantage perception two d : an attribute widespread to all associates of a class

a : some thing owned or possessed particularly : a piece of real estate b : the exclusive right to have, love, and eliminate a matter : possession c : anything to which someone or organization includes a legal title d : 1 (such as a performer) that's less than deal and whose operate is particularly useful e : a guide or script purchased for publication or output

property indicates a attribute that belongs into a point's important nature and could be applied to explain a kind or species.

see also QTIP believe in at trust Take note: Underneath federal tax legislation the property must be A part of the gross estate with the surviving husband or wife at their very own death, where it is actually issue to taxation.

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