Not known Facts About property

widespread property community property mental property own property property problems property harm insurance property suitable property tax public property

Review tenancy in common at tenancy — Local community property : property held jointly by husband and spouse especially : property Particularly from work acquired by either husband or wife right after relationship that's considered in states possessing a Group property program to belong to both of those spouses as undivided a single-50 % passions

from the Company : property belonging to a particular particular person — skilled terminable curiosity property : property passing to the surviving spouse that qualifies for that marital deduction if the executor so elects delivering which the spouse is entitled to acquire earnings in payments built no less than annually for life Which no one has a power to appoint any Element of the property to any person besides the surviving spouse

see also antenuptial arrangement Notice: In most states, on divorce marital property is split In accordance with just what the court establishes is equitable. — movable property : property (as private property or crops) that could be moved — personal property : property (like a motor vehicle) that's movable although not together with crops or other sources however connected to land : property in addition to real property a tax on the personal property

— real property : property consisting of land, properties, crops, or other resources nevertheless hooked up to or inside the land or advancements or fixtures permanently connected to the land or perhaps a framework on it also : an curiosity, reward, right, or privilege in this sort of property

identified as also immovable property — different property : property of the wife or husband that is not Neighborhood property or marital property Specially : property obtained by a husband or wife just before relationship or separately during marriage (as by gift or usually by inheritance) — tangible property : property that features a tangible and corporeal existence and intrinsic financial benefit due to it the insurance policies plan limited property damage coverage to tangible property

These examples are programmatically compiled from numerous on-line sources As an instance latest use of your term 'property.' Any viewpoints expressed within the examples don't symbolize People of Merriam-Webster or its editors. Send out us feed-back about these examples.

— marital property : property acquired by either partner through the system of the relationship that is definitely issue to division on divorce

see also asset, estate, desire perception one, possession feeling 1e — abandoned property : property to which the owner has relinquished all rights Take note: When property is deserted, the proprietor offers up the acceptable expectation check here of privateness concerning it. The finder of deserted property is entitled to maintain it, plus a police officer might consider possession of abandoned property as evidence without violating the guarantee versus unreasonable lookups and seizures from the Fourth Modification on the U.S. Constitution. — right after-acquired property : property (as proceeds) that a debtor acquires after the commencement of a individual bankruptcy scenario and that is usually viewed as Component of the personal bankruptcy estate : property acquired once the perfection of the lien or safety curiosity Specifically : this kind of property obtained once the development of a lien or safety desire that is definitely subject matter for the lien or becomes collateral for the safety fascination : property transferred for the estate of the decedent following execution of the will — common property : property owned or employed by more than one get together exclusively : property owned or leased by tenants in prevalent

possession in indivision at possession Observe: The states acquiring Group property laws are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property in this entry especially, in the civil legislation of Louisiana : tracts of land with their part sections — intangible property : property (as being a inventory certificate or professional license) that derives price not from its intrinsic physical character but from what it signifies — intellectual property

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

a : an excellent or trait belonging and particularly peculiar to an individual or detail b : an influence that an object has on A further object or to the senses c : advantage sense two d : an attribute common to all customers of a category

a : a thing owned or possessed specially : a piece of real estate b : the exceptional proper to have, get pleasure from, and dispose of a matter : ownership c : a thing to which an individual or business enterprise includes a legal title d : one particular (such as a performer) that is underneath contract and whose get the job done is very beneficial e : a ebook or script purchased for publication or creation

property indicates a characteristic that belongs to the point's important mother nature and will be made use of to describe a kind or species.

see also QTIP have faith in at rely on Be aware: Beneath federal tax law the property has to be A part of the gross estate of your surviving husband or wife at her or his very own death, where it is matter to taxation.

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