The best Side of property

widespread property Group property mental property private property property problems property injury insurance policy property right property tax general public property

Assess tenancy in common at tenancy — Local community property : property held jointly by spouse and spouse exclusively : property Particularly from work acquired by both spouse just after marriage that is considered in states aquiring a community property process to belong to the two spouses as undivided one-50 percent interests

with the Company : property belonging to a specific human being — qualified terminable fascination property : property passing to a surviving husband or wife that qualifies for the marital deduction In case the executor so elects providing the spouse is entitled to obtain money in payments created at least on a yearly basis for all times Which no one has an influence to appoint any part of the property to anyone other than the surviving husband or wife

see also antenuptial settlement Be aware: In the majority of states, on divorce marital property is divided In line with what the courtroom establishes is equitable. — movable property : property (as personal property or crops) which can be moved — own property : property (as being a motor vehicle) that is movable but not like crops or other means nevertheless hooked up to land : property other than real property a tax on the personal property

— real property : property consisting of land, properties, crops, or other means nonetheless connected to or in the land or advancements or fixtures permanently connected to your land or a construction on What's more, it : an desire, benefit, appropriate, or privilege in these property

identified as also immovable property — individual property : property of the partner that's not community property or marital property Specially : property obtained by a spouse ahead of relationship or individually for the duration of relationship (as by gift or usually by inheritance) — tangible property : property that includes a tangible and corporeal existence and intrinsic economic worth as a consequence of it the insurance coverage limited property destruction coverage to tangible property

These examples are programmatically compiled from several online sources As an example present-day use of your phrase 'property.' Any views expressed during the illustrations will not depict All those of Merriam-Webster or its editors. Deliver us opinions about these illustrations.

— marital property : property acquired by either husband or wife over the course of a marriage that is certainly issue to division upon divorce

see also asset, estate, desire sense 1, possession feeling 1e — deserted property : property to which the operator has relinquished all legal rights Note: When property is abandoned, the proprietor offers up the fair expectation of privacy concerning it. The finder of abandoned property is entitled to help keep it, plus a law enforcement officer may perhaps consider possession of abandoned property as evidence with no violating the assurance versus unreasonable searches and seizures within the Fourth Amendment on the U.S. Structure. — immediately after-obtained property : property (as proceeds) that a debtor acquires once the commencement of a bankruptcy situation and that is commonly thought of part of the bankruptcy estate : property acquired following the perfection of a lien or protection fascination Primarily : these types of property acquired after the creation of a lien or safety curiosity that is certainly matter to your lien or will become collateral for the safety desire : property transferred to the estate of a decedent following execution from the will — frequent property : property owned or utilized by more than one get together exclusively : property owned or leased by tenants in widespread

ownership in indivision at ownership Note: The states getting community property regulations are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property On this entry especially, while in the civil legislation of Louisiana : tracts of land with their part areas — intangible property : property (being a inventory certification or Specialist license) that derives price not from its intrinsic Bodily character but from what it represents — intellectual property

of not conducting heat character applies to a peculiar and unique high quality of a factor or a class.

a : a quality or trait belonging and especially peculiar to an individual or thing b : an effect that an object has on A further item or over the senses c : advantage sense 2 d : an attribute common to all users of a category

a : a little something owned or possessed precisely : a bit of real estate b : the exceptional appropriate to have, take pleasure in, and get rid of a factor : ownership c : something to which a person or business contains a lawful title d : just one (like a performer) who's below contract and whose function is especially valuable e : a reserve or script procured for publication or generation

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

see also QTIP believe in at trust Note: Underneath federal tax legislation the property has to be included in the gross estate of the surviving wife or husband at his / her possess Loss of life, exactly where it's subject to taxation.

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