The Single Best Strategy To Use For property

The Single Best Strategy To Use For property

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typical property Local community property mental property particular property property harm property destruction insurance plan property proper property tax general public property

Assess tenancy in common at tenancy — Local community property : property held jointly by husband and spouse especially : property especially from employment obtained by both wife or husband soon after marriage that is definitely deemed in states using a community property process to belong to both equally spouses as undivided a person-50 percent interests

on the corporation : property belonging to a certain person — experienced terminable interest property : property passing into a surviving spouse that qualifies to the marital deduction if the executor so elects delivering that the husband or wife is entitled to receive cash flow in payments made at the least annually for life Which no-one has an influence to appoint any part of the property to any person aside from the surviving wife or husband

see also antenuptial agreement Observe: In most states, on divorce marital property is split In accordance with just what the court decides is equitable. — movable property : property (as own property or crops) which can be moved — particular property : property (as being a car or truck) that's movable although not together with crops or other sources however hooked up to land : property other than real property a tax on the personal property

— real property : property consisting of land, buildings, crops, or other assets even now hooked up to or within the land or improvements or fixtures completely connected on the land or perhaps a composition on Furthermore, it : an interest, reward, ideal, or privilege in this sort of property

termed also immovable property — independent property : property of the wife or husband that is not Local community property or marital property especially : property acquired by a husband or wife before marriage or independently through marriage (as by present or generally by inheritance) — tangible property : property that includes a tangible and corporeal existence and intrinsic economic worth as a consequence of it the insurance coverage coverage restricted property injury protection to tangible property

These illustrations are programmatically compiled from several online sources For example current usage on the term 'property.' Any viewpoints expressed within the illustrations will not stand for These of Merriam-Webster or its editors. Deliver us opinions about these illustrations.

— marital property : property acquired by both husband or wife over the class of the marriage which is matter to division on divorce

see also asset, estate, fascination perception one, possession perception 1e — deserted property : property to which the proprietor has relinquished all rights Note: When property is abandoned, the proprietor presents up the reasonable expectation of privacy regarding it. The finder of deserted property is entitled to maintain it, in addition to a police officer might get possession of abandoned property as evidence without the need of violating the assurance in opposition to unreasonable searches and seizures inside the Fourth Modification on the U.S. Structure. — just after-obtained property : property (as proceeds) that a debtor acquires after the commencement of a bankruptcy case and that is generally regarded as Portion of the personal bankruptcy estate : property acquired once the perfection of the lien or stability desire especially : this kind of property acquired after the creation of a lien or security desire that may be issue to the lien or becomes collateral for the safety desire : property transferred to your estate of the decedent immediately after execution with the will — prevalent property : property owned or utilized by more than one get together especially : property owned or leased by tenants in typical

ownership in indivision at possession Take note: The states acquiring Local community property legal guidelines are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property On this entry particularly, within the civil regulation of Louisiana : tracts of land with their ingredient areas — intangible property : property (being a stock certificate or Qualified license) that derives price not from its intrinsic Bodily nature but from what it signifies — intellectual property

of not conducting heat character relates to a peculiar and distinct good quality of a detail or a category.

a : a top quality or trait belonging and especially peculiar to somebody or issue b : an impact that an object has on A further item or within the senses c : virtue feeling 2 d : an attribute common to all customers of a class

a : something owned or possessed precisely : a piece of real estate b : the exclusive ideal to possess, enjoy, and eliminate a point : ownership c : a thing to which an individual or business provides a legal title d : a person (like a performer) who is underneath contract and whose get the job done is especially valuable e : a ebook or script purchased for publication or generation

property implies a attribute that belongs into a thing's necessary nature and could be utilized to explain a type or species.

see also QTIP belief at read more have confidence in Take note: Beneath federal tax regulation the property has to be A part of the gross estate from the surviving wife or husband at their have Loss of life, wherever it's subject matter to taxation.