The best Side of property

The best Side of property

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common property Local community property intellectual property individual property property damage property hurt insurance policy property suitable property tax public property

Review tenancy in common at tenancy — Neighborhood property : property held jointly by partner and spouse especially : property Primarily from employment acquired by possibly wife or husband after relationship that is certainly considered in states getting a Group property method to belong to equally spouses as undivided one-fifty percent pursuits

of the corporation : property belonging to a particular person — qualified terminable fascination property : property passing to the surviving wife or husband that qualifies for your marital deduction In case the executor so elects supplying the partner is entitled to receive money in payments manufactured at the very least on a yearly basis for life and that no person has an influence to appoint any A part of the property to any person besides the surviving wife or husband

see also antenuptial arrangement Notice: In the majority of states, on divorce marital property is divided As outlined by exactly what the court determines is equitable. — movable property : property (as personalized property or crops) that may be moved — particular property : property (being a car or truck) that's movable although not including crops or other assets however attached to land : property besides real property a tax on the non-public property

— real property : property consisting of land, structures, crops, or other means nevertheless hooked up to or within the land or improvements or fixtures completely connected to your land or a composition on In addition it : an desire, profit, right, or privilege in these types of property

called also immovable property — separate property : property of a partner that's not community property or marital property Particularly : property acquired by a spouse right before marriage or individually in the course of relationship (as by present or typically by inheritance) — tangible property : property that features a tangible and corporeal existence and intrinsic financial worth as a consequence of it the coverage coverage restricted property injury coverage to tangible property

These illustrations are programmatically compiled from several on line resources As an instance recent utilization with the term 'property.' Any views expressed inside the illustrations will not symbolize those of Merriam-Webster or its editors. Mail us feed-back about these illustrations.

— marital property : property acquired by possibly husband or wife in the course of the system of the marriage that's topic to division upon divorce

see also asset, estate, curiosity sense one, possession feeling 1e — abandoned property : property to which the owner has relinquished all rights Take note: When property is deserted, the proprietor gives up the affordable expectation of privateness about it. The finder of deserted property is entitled to help keep it, plus a police officer may choose possession of deserted property as proof with no violating the guarantee from unreasonable searches and seizures during the Fourth Amendment into the U.S. Structure. — right after-obtained property : property (as proceeds) that a debtor acquires following the commencement of a individual bankruptcy case and that is commonly regarded A part of the bankruptcy estate : property acquired once the perfection of the lien or stability fascination Particularly : these types of property obtained after the generation of a lien or stability fascination that's subject on the lien or gets to be collateral for the security desire : property transferred to your estate of a decedent right after execution on the will — widespread property : property owned or used by multiple occasion exclusively : property owned or leased by tenants in typical

possession in indivision at ownership Note: The states owning Local community property legal guidelines are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property in this entry specially, within the civil law of Louisiana : tracts of land with their part elements — intangible property : property (as being a inventory certificate or Qualified license) that derives price not from its intrinsic physical character but from what it signifies — intellectual property

of not conducting heat character applies to a peculiar and distinct high quality of the detail or a class.

a : a quality or trait belonging and particularly peculiar to a person or thing b : an outcome that an item has on Yet another object or around the senses c : advantage sense two d : an attribute typical to all users of a class

a : anything owned or possessed precisely : a piece of real estate b : the exceptional right to possess, love, and dispose of a matter : possession c : some thing to which someone or business features a lawful title d : one particular (such as a performer) who's underneath deal and whose perform is very beneficial e : a e book or script obtained for publication or generation

property implies a characteristic that belongs to the factor's vital mother nature and may be employed to click here describe a sort or species.

see also QTIP trust at have confidence in Observe: Less than federal tax law the property has to be A part of the gross estate of your surviving spouse at their possess Loss of life, wherever it is actually topic to taxation.