New Step by Step Map For property

New Step by Step Map For property

Blog Article

prevalent property Neighborhood property mental property personalized property property harm property injury insurance policy property suitable property tax community property

Look at tenancy in widespread at tenancy — Local community property : property held jointly by husband and spouse especially : property especially from employment obtained by both wife or husband following relationship that is deemed in states aquiring a community property process to belong to both spouses as undivided a single-50 % interests

with the Company : property belonging to a specific man or woman — capable terminable interest property : property passing into a surviving wife or husband that qualifies for your marital deduction In case the executor so elects giving which the husband or wife is entitled to get cash flow in payments built at least yearly for life Which no one has a power to appoint any Portion of the property to anyone apart from the surviving husband or wife

see also antenuptial agreement Be aware: In the majority of states, on divorce marital property is divided In line with just what the court determines is equitable. — movable property : property (as personalized property or crops) which might be moved — private property : property (for a vehicle) that is certainly movable although not such as crops or other means still connected to land : property besides real property a tax on the personal property

— real property : property consisting of land, buildings, crops, or other assets however hooked up to or inside the land or enhancements or fixtures forever hooked up for the land or maybe a composition on In addition it : an curiosity, advantage, proper, or privilege in this kind of property

called also immovable property — different property : property of the husband or wife that isn't community property or marital property In particular : property obtained by a husband or wife prior to relationship or individually for the duration of marriage (as by reward or typically by inheritance) — tangible property : property which has a tangible and corporeal existence and intrinsic financial benefit on account of it the insurance policy plan restricted property damage protection to tangible property

These examples are programmatically compiled from several on the internet resources As an instance existing use with the phrase 'property.' Any opinions expressed from the examples will not symbolize All those of Merriam-Webster or its editors. Deliver us responses about these illustrations.

— marital property : property obtained by possibly spouse during the training course of a marriage that is certainly subject matter to division on divorce

see also asset, estate, desire perception one, possession perception 1e — deserted property : property to which the operator has relinquished all legal rights Observe: When property is deserted, the proprietor presents up the fair expectation of privateness about it. The finder of deserted property is entitled to keep it, and a police officer might consider possession of abandoned property as evidence without the need of violating the assurance in opposition to unreasonable queries and seizures inside the Fourth Amendment to the U.S. Structure. — soon after-obtained property : property (as proceeds) that a debtor acquires following the commencement of a bankruptcy situation and that is usually considered A part of the bankruptcy estate : property obtained once the perfection of a lien or security desire In particular : this sort of property acquired once the development of a lien or security desire that may be subject matter on the lien or turns into collateral for the security desire : property transferred on check here the estate of a decedent following execution of the will — popular property : property owned or utilized by multiple occasion exclusively : property owned or leased by tenants in frequent

ownership in indivision at possession Be aware: The states having Local community property regulations are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property With this entry particularly, while in the civil law of Louisiana : tracts of land with their part components — intangible property : property (to be a stock certification or Skilled license) that derives price not from its intrinsic physical character but from what it signifies — intellectual property

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

a : a top quality or trait belonging and particularly peculiar to a person or detail b : an result that an object has on A different object or to the senses c : virtue feeling 2 d : an attribute common to all associates of a category

a : a thing owned or possessed especially : a bit of real estate b : the exclusive suitable to possess, delight in, and get rid of a detail : ownership c : some thing to which an individual or business enterprise provides a legal title d : one particular (for instance a performer) who's less than agreement and whose do the job is particularly precious e : a guide or script ordered for publication or production

property indicates a attribute that belongs to a point's necessary nature and should be made use of to describe a sort or species.

see also QTIP have confidence in at belief Be aware: Underneath federal tax law the property has to be A part of the gross estate with the surviving husband or wife at her or his very own Loss of life, exactly where it can be topic to taxation.