New Step by Step Map For property

typical property Neighborhood property mental property own property property hurt property harm insurance coverage property ideal property tax community property

Look at tenancy in typical at tenancy — Local community property : property held jointly by husband and spouse specifically : property Specially from work acquired by possibly partner just after marriage that is deemed in states using a Neighborhood property method to belong to both equally spouses as undivided one-half passions

of your corporation : property belonging to a certain man or woman — experienced terminable interest property : property passing to the surviving partner that qualifies for the marital deduction Should the executor so elects offering that the husband or wife is entitled to receive profits in payments made at the very least annually for all times and that not one person has an influence to appoint any Portion of the property to anyone aside from the surviving wife or husband

see also antenuptial settlement Be aware: In the majority of states, on divorce marital property is divided In keeping with what the courtroom decides is equitable. — movable property : property (as personal property or crops) that can be moved — own property : property (as being a car or truck) that is movable but not including crops or other assets nonetheless connected to land : property other than real property a tax on the private property

— real property : property consisting of land, structures, crops, or other sources however attached to or within the land or improvements or fixtures completely hooked up into the land or maybe a composition on In addition, it : an fascination, profit, appropriate, or privilege in such property

referred to as also immovable property — different property : property of a partner that's not Group property or marital property Specifically : property obtained by a wife or husband prior to relationship or separately throughout relationship (as by reward or typically by inheritance) — tangible property : property that features a tangible and corporeal existence and intrinsic financial benefit because of it the insurance policies plan restricted property injury protection to tangible property

These examples are programmatically compiled from many on the net sources As an example recent use of the term 'property.' Any opinions expressed while in the examples do not signify These of Merriam-Webster or its editors. Deliver us suggestions about these illustrations.

— marital property : property obtained by both husband or wife in the course of the training course of a relationship that may be subject matter to division on divorce

see also asset, estate, fascination perception one, possession perception 1e — deserted property : property to which the proprietor has relinquished all rights Be aware: When property is abandoned, the owner presents up the fair expectation of privateness relating to it. The finder of abandoned property is entitled to keep it, as well as a police officer may consider possession of abandoned property as evidence with out violating the guarantee towards unreasonable lookups and seizures from the Fourth Modification on the U.S. Constitution. — following-acquired property : property (as proceeds) that a debtor acquires once the commencement of the personal bankruptcy scenario and that is generally deemed A part of the bankruptcy estate : property obtained following the perfection of a lien or stability curiosity Primarily : these types of property obtained here following the creation of the lien or protection interest that may be issue on the lien or turns into collateral for the security desire : property transferred to your estate of a decedent following execution from the will — popular property : property owned or employed by multiple bash specially : property owned or leased by tenants in frequent

ownership in indivision at possession Notice: The states getting Group property legislation are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property On this entry specifically, from the civil law of Louisiana : tracts of land with their component sections — intangible property : property (like a stock certification or Expert license) that derives benefit not from its intrinsic Bodily mother nature but from what it signifies — intellectual property

of not conducting warmth character applies to a peculiar and distinct good quality of a matter or a class.

a : an outstanding or trait belonging and especially peculiar to somebody or issue b : an impact that an item has on Yet another item or within the senses c : advantage sense two d : an attribute typical to all associates of a category

a : one thing owned or possessed especially : a piece of real estate b : the exceptional proper to have, get pleasure from, and dispose of a issue : ownership c : anything to which a person or small business features a lawful title d : a single (for instance a performer) who's less than contract and whose operate is especially worthwhile e : a book or script obtained for publication or output

property implies a attribute that belongs to the point's crucial mother nature and will be used to explain a type or species.

see also QTIP have faith in at have faith in Note: Less than federal tax legislation the property needs to be included in the gross estate of your surviving partner at her or his individual Loss of life, wherever it's subject matter to taxation.

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