The best Side of property

The best Side of property

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widespread property Group property mental property own property property damage property harm insurance policy property proper property tax community property

Examine tenancy in typical at tenancy — community property : property held jointly by husband and spouse specifically : property especially from work obtained by both husband or wife right after marriage which is deemed in states aquiring a Group property procedure to belong to both of those spouses as undivided just one-fifty percent interests

from the Company : property belonging to a certain particular person — competent terminable interest property : property passing to a surviving wife or husband that qualifies for that marital deduction Should the executor so elects giving the husband or wife is entitled to receive money in payments created a minimum of annually for all times and that no one has a power to appoint any Portion of the property to anyone besides the surviving partner

see also antenuptial agreement Note: In most states, upon divorce marital property is divided In keeping with what the court docket determines is equitable. — movable property : property (as own property or crops) that could be moved — individual property : property (to be a motor vehicle) that's movable although not such as crops or other means even now hooked up to land : property aside from real property a tax on the personal property

— real property : property consisting of land, properties, crops, or other methods continue to attached to or throughout the land or improvements or fixtures completely connected into the land or a structure on What's more, it : an interest, gain, correct, or privilege in such property

identified as also immovable property — separate property : property of the partner that's not Neighborhood property or marital property In particular : property acquired by a wife or husband prior to relationship or separately in the course of marriage (as by present or typically by inheritance) — tangible property : property that has a tangible and corporeal existence and intrinsic financial benefit due to it the insurance policies plan restricted property hurt protection to tangible property

These examples are programmatically compiled from a variety of on line sources As an example present-day usage on the term 'property.' Any thoughts expressed while in the illustrations don't depict Those people of Merriam-Webster or its editors. Deliver us opinions about these illustrations.

— marital property : property acquired by both wife or husband during the training get more info course of a marriage that is definitely issue to division on divorce

see also asset, estate, desire sense 1, possession feeling 1e — abandoned property : property to which the operator has relinquished all legal rights Note: When property is abandoned, the owner provides up the acceptable expectation of privacy regarding it. The finder of abandoned property is entitled to maintain it, in addition to a law enforcement officer may perhaps acquire possession of abandoned property as proof with no violating the ensure towards unreasonable lookups and seizures in the Fourth Amendment for the U.S. Constitution. — soon after-obtained property : property (as proceeds) that a debtor acquires once the commencement of the individual bankruptcy scenario and that's commonly thought of Element of the individual bankruptcy estate : property acquired after the perfection of a lien or security curiosity Specially : these kinds of property acquired once the development of a lien or stability desire that is definitely subject matter to your lien or will become collateral for the security desire : property transferred into the estate of the decedent immediately after execution with the will — widespread property : property owned or employed by multiple get together especially : property owned or leased by tenants in frequent

ownership in indivision at possession Take note: The states acquiring community property laws are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property During this entry precisely, from the civil legislation of Louisiana : tracts of land with their element elements — intangible property : property (as being a inventory certification or Skilled license) that derives benefit not from its intrinsic Bodily character but from what it signifies — intellectual property

of not conducting heat character relates to a peculiar and unique top quality of a detail or a category.

a : a quality or trait belonging and particularly peculiar to an individual or detail b : an result that an object has on A further object or on the senses c : advantage perception two d : an attribute typical to all customers of a class

a : a thing owned or possessed particularly : a bit of real estate b : the exclusive appropriate to possess, delight in, and dispose of a issue : possession c : some thing to which someone or business includes a authorized title d : a person (like a performer) that is below agreement and whose get the job done is especially useful e : a reserve or script obtained for publication or output

property implies a attribute that belongs to a issue's critical nature and should be made use of to describe a kind or species.

see also QTIP rely on at trust Notice: Underneath federal tax regulation the property should be included in the gross estate with the surviving spouse at her or his have death, in which it can be subject to taxation.