New Step by Step Map For property

New Step by Step Map For property

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prevalent property Neighborhood property intellectual property personal property property problems property hurt insurance policies property proper property tax public property

Review tenancy in widespread at tenancy — community property : property held jointly by partner and wife particularly : property Primarily from work acquired by possibly partner after relationship which is considered in states using a community property procedure to belong to equally spouses as undivided 1-50 % passions

of the Company : property belonging to a particular man or woman — certified terminable desire property : property passing to some surviving wife or husband that qualifies to the marital deduction if the executor so elects giving that the wife or husband is entitled to receive profits in payments made not less than each year for all times and that not one person has a power to appoint any Section of the property to anyone aside from the surviving spouse

see also antenuptial arrangement Note: In many states, on divorce marital property is divided As outlined by what the courtroom establishes is equitable. — movable property : property (as individual property or crops) that could be moved — personal property : property (being a vehicle) that is certainly movable although not which includes crops or other methods still connected to land : property besides real property a tax on the non-public property

— real property : property consisting of land, structures, crops, or other means nonetheless hooked up to or within the land or enhancements or fixtures forever hooked up towards the land or possibly a structure on In addition, it : an fascination, benefit, proper, or privilege in these property

referred to as also immovable property — individual property : property of the spouse that isn't Group property or marital property especially : property acquired by a partner ahead of relationship or separately throughout marriage (as by present or normally by inheritance) — tangible property : property that has a tangible and corporeal existence and intrinsic financial value as a result of it the coverage policy restricted property injury protection to tangible property

These illustrations are programmatically compiled from many on-line sources As an example latest use of the word 'property.' Any thoughts expressed while in the illustrations will not stand for those of Merriam-Webster or its editors. Deliver us comments about these illustrations.

— marital property : property obtained by possibly wife or husband during the program of a marriage that is certainly subject matter to division on divorce

see also asset, estate, desire feeling one, possession feeling 1e — deserted property : property to which the proprietor has relinquished all legal rights Observe: When property is deserted, the proprietor offers up the fair expectation of privacy concerning it. The finder of abandoned property is entitled to keep it, as well as a police officer could just take possession of check here deserted property as proof with no violating the assurance versus unreasonable lookups and seizures from the Fourth Modification on the U.S. Structure. — soon after-obtained property : property (as proceeds) that a debtor acquires once the commencement of the personal bankruptcy scenario and that is generally deemed Portion of the personal bankruptcy estate : property acquired once the perfection of the lien or protection fascination Specially : these kinds of property acquired after the creation of the lien or stability fascination that is definitely issue to your lien or gets collateral for the security curiosity : property transferred towards the estate of a decedent after execution of your will — popular property : property owned or employed by more than one get together particularly : property owned or leased by tenants in typical

possession in indivision at possession Notice: The states acquiring Neighborhood property legal guidelines are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property On this entry particularly, during the civil legislation of Louisiana : tracts of land with their element components — intangible property : property (to be a inventory certificate or Expert license) that derives benefit not from its intrinsic Bodily nature but from what it signifies — mental property

of not conducting heat character relates to a peculiar and exclusive high quality of the matter or a class.

a : a quality or trait belonging and particularly peculiar to someone or factor b : an effect that an item has on One more object or over the senses c : virtue sense two d : an attribute typical to all users of a class

a : something owned or possessed precisely : a piece of real estate b : the exclusive suitable to possess, love, and get rid of a factor : possession c : one thing to which anyone or company contains a authorized title d : one (for instance a performer) that is below contract and whose get the job done is very beneficial e : a e-book or script ordered for publication or production

property implies a characteristic that belongs to your detail's important nature and should be applied to explain a sort or species.

see also QTIP trust at have faith in Note: Underneath federal tax regulation the property should be included in the gross estate in the surviving partner at her or his own Loss of life, wherever it's subject matter to taxation.