New Step by Step Map For property

New Step by Step Map For property

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popular property Local community property mental property personalized property property hurt property injury insurance policy property right property tax general public property

Examine tenancy in common at tenancy — Local community property : property held jointly by husband and spouse exclusively : property especially from work acquired by possibly partner just after marriage that is considered in states having a Local community property method to belong to both equally spouses as undivided 1-50 % passions

of your Company : property belonging to a certain individual — capable terminable curiosity property : property passing to the surviving partner that qualifies with the marital deduction In the event the executor so elects providing the spouse is entitled to get income in payments manufactured at least per year for life Which no one has an influence to appoint any Element of the property to any person in addition to the surviving wife or husband

see also antenuptial settlement Take note: In many states, on divorce marital property is divided As outlined by what the court docket determines is equitable. — movable property : property (as particular property or crops) that may be moved — particular property : property (as being a car or truck) that's movable although not including crops or other assets however attached to land : property aside from real property a tax on the non-public property

— real property : property consisting of land, structures, crops, or other methods nonetheless connected to or throughout the land or improvements or fixtures completely hooked up for the land or maybe a structure on Furthermore, it : an desire, advantage, appropriate, or privilege in such property

named also immovable property — different property : property of a 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 reward or frequently by inheritance) — tangible property : property that features a tangible and corporeal existence and intrinsic economic benefit as a result of it the insurance plan plan restricted property hurt coverage to tangible property

These illustrations are programmatically compiled from numerous on the web resources to illustrate existing utilization of your word 'property.' Any viewpoints expressed within the illustrations never signify Individuals of Merriam-Webster or its editors. Send out us feedback about these examples.

— marital property : property acquired by possibly wife or husband throughout the system of the relationship that's matter to division on divorce

see also asset, estate, desire sense 1, possession perception 1e — deserted property : property to which the operator has relinquished all rights Be aware: When property is abandoned, the proprietor presents up the reasonable expectation of privacy regarding it. The finder of deserted property is entitled to help keep it, in addition to a police officer could just take possession of abandoned property as proof without the need of violating the guarantee towards unreasonable queries and seizures while in the Fourth Modification to your U.S. Structure. — following-acquired property : property (as proceeds) that a debtor acquires following the commencement of a personal bankruptcy scenario and that's ordinarily considered A part of the personal bankruptcy estate : property acquired following the perfection of the lien or protection desire Primarily : such property acquired after the creation of a lien get more info or safety fascination that is definitely issue into the lien or becomes collateral for the security interest : property transferred towards the estate of a decedent right after execution on the will — widespread property : property owned or employed by multiple occasion precisely : property owned or leased by tenants in common

ownership in indivision at ownership Note: The states getting community property rules are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property in this entry particularly, inside the civil legislation of Louisiana : tracts of land with their element elements — intangible property : property (being a stock certificate or Skilled license) that derives worth not from its intrinsic Bodily character but from what it represents — intellectual property

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

a : an excellent or trait belonging and particularly peculiar to somebody or detail b : an outcome that an item has on A further item or over the senses c : advantage perception two d : an attribute widespread to all customers of a class

a : one thing owned or possessed especially : a piece of real estate b : the unique proper to possess, appreciate, and dispose of a thing : ownership c : a little something to which anyone or business enterprise 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 characteristic that belongs to some factor's essential mother nature and could be applied to describe a type or species.

see also QTIP believe in at trust Take note: Underneath federal tax legislation the property has to be included in the gross estate from the surviving spouse at his / her individual Demise, the place it really is subject to taxation.