New Step by Step Map For property

New Step by Step Map For property

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prevalent property Local community property intellectual property private property property harm property problems insurance policies property right property tax public property

Examine tenancy in prevalent at tenancy — community property : property held jointly by husband and spouse specifically : property In particular from employment acquired by possibly partner after relationship that's considered in states possessing 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 — 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 wife or husband is entitled to obtain money in payments created at least every year for all times and that not a soul has a power to appoint any Component of the property to any person aside from the surviving spouse

see also antenuptial arrangement Take note: In many states, on divorce marital property is divided In accordance with just what the courtroom establishes is equitable. — movable property : property (as individual property or crops) that could be moved — individual property : property (being a vehicle) which is movable although not such as crops or other methods still connected to land : property in addition to real property a tax on the personal property

— real property : property consisting of land, structures, crops, or other resources nevertheless hooked up to or within the land or enhancements or fixtures forever attached for the land or maybe a structure on Furthermore, it : an desire, advantage, appropriate, or privilege in such property

referred to as also immovable property — individual property : property of the partner that isn't Group property or marital property Particularly : property obtained by a spouse before marriage or individually for the duration of marriage (as by gift or frequently by inheritance) — tangible property : property that has a tangible and corporeal existence and intrinsic economic value as a consequence of it the insurance coverage limited property damage coverage to tangible property

These illustrations are programmatically compiled from many on-line resources For example current utilization on the term 'property.' Any opinions expressed inside the illustrations never represent Individuals of Merriam-Webster or its editors. Send out us feed-back about these examples.

— marital property : property acquired by both husband or wife during the program of a relationship that may be subject to division upon divorce

see also asset, estate, curiosity feeling one, 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, along with a police officer may possibly acquire possession of deserted property as evidence with out violating the ensure in opposition to unreasonable lookups and seizures during the Fourth Amendment towards the U.S. Constitution. — following-obtained property : property (as proceeds) that a debtor acquires once the commencement of the individual bankruptcy circumstance and that is generally deemed Portion of the personal bankruptcy estate : property obtained once the perfection of the lien or stability desire especially : this sort of property acquired once the development of a lien or security fascination which is topic into the lien or will become collateral for the security desire : property transferred on the estate of a decedent after execution with the will — widespread property : property owned or used by multiple occasion exclusively : property owned or leased by tenants in frequent

ownership in indivision at possession Notice: The states possessing community property guidelines are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property With this entry especially, in the civil law of Louisiana : tracts of land with their ingredient areas — intangible property : property (as being a inventory certification or professional license) that derives price not from its intrinsic physical mother website nature but from what it represents — mental property

of not conducting heat character applies to a peculiar and exclusive high quality of the factor or a category.

a : a quality or trait belonging and particularly peculiar to a person or detail b : an influence that an object has on A different object or on the senses c : virtue perception 2 d : an attribute widespread to all users of a class

a : anything owned or possessed specifically : a piece of real estate b : the special proper to have, take pleasure in, and get rid of a point : ownership c : some thing to which a person or business has a lawful title d : a person (for instance a performer) that is beneath agreement and whose operate is especially useful e : a reserve or script purchased for publication or creation

property indicates a attribute that belongs into a detail's vital mother nature and will be applied to describe a kind or species.

see also QTIP trust at believe in Observe: Less than federal tax law the property have to be A part of the gross estate in the surviving wife or husband at their possess Dying, exactly where it can be subject to taxation.