The best Side of property

The best Side of property

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prevalent property Neighborhood property mental property own property property destruction property hurt insurance policies property proper property tax public property

Examine tenancy in popular at tenancy — Local community property : property held jointly by husband and spouse particularly : property especially from employment obtained by either husband or wife just after marriage that is definitely considered in states getting a Neighborhood property process to belong to each spouses as undivided just one-50 % interests

on the Company : property belonging to a particular particular person — skilled terminable interest property : property passing into a surviving wife or husband that qualifies for the marital deduction In case the executor so elects furnishing that the husband or wife is entitled to acquire income in payments created not less than per year for all times and that no one has a power to appoint any Component of the property to any person in addition to the surviving partner

see also antenuptial agreement Notice: For most states, on divorce marital property is split In line with what the courtroom establishes is equitable. — movable property : property (as individual property or crops) which can be moved — own property : property (as a automobile) that may be movable but not together with crops or other sources continue to attached to land : property besides real property a tax on the non-public property

— real property : property consisting of land, buildings, crops, or other assets continue to attached to or inside the land or advancements or fixtures permanently attached towards the land or perhaps a construction on In addition, it : an curiosity, reward, appropriate, or privilege in these kinds of property

identified as also immovable property — individual property : property of the wife or husband that's not community property or marital property Specifically : property obtained by a spouse just before relationship or separately during marriage (as by present or generally by inheritance) — tangible property : property that features a tangible and corporeal existence and intrinsic financial value as a result of it the insurance plan plan restricted property harm coverage to tangible property

These examples are programmatically compiled from a variety of on line sources As an instance existing utilization in the term 'property.' Any opinions expressed inside the illustrations never signify Individuals of Merriam-Webster or its editors. Ship us comments about these examples.

— marital property : property acquired by both husband or wife in the course of the training course of a marriage which is topic to division upon divorce

see also asset, estate, interest sense 1, possession sense 1e — abandoned property : property to which the owner has relinquished all rights Note: When property is abandoned, the owner gives up the reasonable expectation of privateness about it. The finder of deserted property is entitled to maintain it, in addition to a law enforcement officer may choose possession of deserted property as proof without violating the guarantee against unreasonable lookups and seizures from the Fourth Modification to your U.S. Structure. — soon after-acquired property : property (as proceeds) that a debtor acquires after the commencement of a individual bankruptcy situation and that is usually considered part of the bankruptcy estate : property obtained once the perfection of the lien or protection fascination Specially : these kinds of property acquired after the creation of the lien or protection fascination that is certainly subject matter on the lien or turns into collateral for the security desire : property transferred into the estate of the decedent right after execution from the will — typical property : property owned or read more used by multiple social gathering particularly : property owned or leased by tenants in widespread

possession in indivision at possession Be aware: The states owning Local community property legislation are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property During this entry precisely, in the civil law of Louisiana : tracts of land with their element parts — intangible property : property (to be a inventory certificate or Experienced license) that derives price not from its intrinsic physical mother nature but from what it represents — mental property

of not conducting warmth character applies to a peculiar and distinctive high-quality of the point or a class.

a : an excellent or trait belonging and particularly peculiar to a person or factor b : an influence that an object has on An additional item or about the senses c : virtue perception 2 d : an attribute popular to all customers of a class

a : something owned or possessed specially : a piece of real estate b : the exceptional appropriate to possess, delight in, and get rid of a thing : possession c : some thing to which somebody or enterprise has a authorized title d : a person (like a performer) who is under deal and whose function is very beneficial e : a e-book or script obtained for publication or manufacturing

property implies a characteristic that belongs to the factor's necessary nature and should be used to describe a sort or species.

see also QTIP have confidence in at belief Be aware: Underneath federal tax law the property have to be included in the gross estate on the surviving wife or husband at his or her possess death, the place it is subject matter to taxation.