New Step by Step Map For property

New Step by Step Map For property

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widespread property Neighborhood property mental property particular property property injury property damage insurance coverage property suitable property tax public property

Look at tenancy in widespread at tenancy — community property : property held jointly by partner and wife precisely : property Specially from employment obtained by either wife or husband just 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 particular person — capable terminable curiosity property : property passing to a surviving wife or husband that qualifies for the marital deduction In the event the executor so elects delivering which the spouse is entitled to receive revenue in payments created no less than yearly for all times and that nobody has a power to appoint any Component of the property to anyone apart from the surviving husband or wife

see also antenuptial settlement Note: In the majority of states, on divorce marital property is divided In accordance with exactly what the courtroom establishes is equitable. — movable property : property (as personal property or crops) that may be moved — personalized property : property (to be a car) which is movable but not which include crops or other methods continue to attached to land : property in addition to real property a tax on the personal property

— real property : property consisting of land, buildings, crops, or other assets nevertheless connected to or inside the land or enhancements or fixtures completely hooked up towards the land or possibly a composition on it also : an curiosity, reward, appropriate, or privilege in these property

termed also immovable property — separate property : property of a husband or wife that's not Group property or marital property especially : property acquired by a partner ahead of relationship or separately all through relationship (as by reward or normally by inheritance) — tangible property : property that has a tangible and corporeal existence and intrinsic economic worth on account of it the coverage plan limited property destruction protection to tangible property

These examples are programmatically compiled from various on-line sources As an instance latest usage from the phrase 'property.' Any views expressed during the examples don't symbolize People of Merriam-Webster or its editors. Send out us feed-back about these illustrations.

— marital property : property obtained by either spouse during the program of a marriage which is matter to division upon divorce

see also asset, estate, fascination feeling 1, possession sense 1e — abandoned property : property to which the owner has relinquished all rights Note: When property is deserted, the operator offers up the realistic expectation of privateness regarding it. The finder of abandoned property is entitled to keep it, and a law enforcement officer may well just take possession of abandoned property as evidence without violating the guarantee against unreasonable lookups and seizures during the Fourth Modification to your U.S. Structure. — soon after-acquired property : property (as proceeds) that a debtor acquires after the commencement of a bankruptcy case and that's commonly viewed as Section of the personal bankruptcy estate : property acquired once the perfection of the lien or safety interest Particularly : these kinds of property acquired once the development of a lien or security interest that may be subject matter for the lien or becomes collateral for the safety curiosity : property transferred towards the estate of a decedent just after execution on the will — widespread property : property owned or used by more than one bash exclusively : property owned or leased by tenants in frequent

ownership in indivision at possession Notice: The states getting community property guidelines are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property With this entry particularly, during the civil regulation of Louisiana : tracts of land with their element parts — intangible property : property (for a stock certification or Qualified license) that derives worth not from its intrinsic Actual physical character but from what it represents — mental property

of not conducting heat character relates to a peculiar and unique high-quality of the issue or a class.

a : a quality or trait belonging and particularly peculiar to a person or issue b : an influence that an object has on another item or on the senses c : advantage sense two d : an attribute widespread to all users of a class

a : some thing owned or possessed precisely : a piece of real estate b : the exceptional right to have, enjoy, and get rid of a thing : ownership c : a little something to which someone or business enterprise includes a lawful title d : one particular (for instance a performer) that is less than contract and whose do the job is particularly valuable e : a ebook or script purchased for publication or creation

property indicates a characteristic that belongs to some matter's important character and could be employed to explain a type or species.

see also QTIP have faith in at trust Observe: Less than federal tax regulation property management award the property has to be A part of the gross estate from the surviving partner at his / her own death, where it is actually subject matter to taxation.