New Step by Step Map For property

New Step by Step Map For property

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widespread property Neighborhood property intellectual property individual property property destruction property harm insurance policy property right property tax general public property

Assess tenancy in common at tenancy — Local community property : property held jointly by husband and spouse precisely : property Specifically from employment obtained by either husband or wife right after marriage that may be deemed in states using a Neighborhood property process to belong to each spouses as undivided just one-half passions

of the Company : property belonging to a selected person — skilled terminable interest property : property passing to your surviving partner that qualifies with the marital deduction In case the executor so elects providing the spouse is entitled to get money in payments created a minimum of on a yearly basis for life Which no one has a power to appoint any Element of the property to any person besides the surviving spouse

see also antenuptial arrangement Note: In many states, on divorce marital property is divided As outlined by what the courtroom decides is equitable. — movable property : property (as individual property or crops) which might be moved — individual property : property (as being a car or truck) that's movable although not together with crops or other sources 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 nonetheless hooked up to or within the land or enhancements or fixtures forever attached for the land or maybe a structure on Furthermore, it : an desire, benefit, proper, or privilege in these types of property

known as also immovable property — individual property : property of the spouse that isn't Group property or marital property especially : property acquired by a wife or husband before marriage or independently all through marriage (as by present or generally by inheritance) — tangible property : property that has a tangible and corporeal existence and intrinsic economic price thanks to it the insurance coverage coverage limited property damage coverage to tangible property

These illustrations are programmatically compiled from several online sources As an instance present-day usage in the phrase 'property.' Any thoughts expressed while in the illustrations never signify People of Merriam-Webster or its editors. Send out us feedback about these examples.

— marital property : property acquired by possibly wife or husband during the training course of the relationship that may be subject to division upon divorce

see also asset, estate, fascination perception one, possession sense 1e — abandoned property : property to which the proprietor has relinquished all legal rights Observe: When property is deserted, the owner provides up the realistic expectation of privateness about it. The finder of abandoned property is entitled to keep it, along with a police officer may possibly choose possession of deserted property as evidence with out violating the ensure from unreasonable lookups and seizures during the Fourth Amendment towards the U.S. Constitution. — right after-obtained property : property (as proceeds) that a debtor acquires once the commencement of the individual bankruptcy circumstance and that is generally deemed Portion of the personal bankruptcy estate : property obtained once the perfection of the lien or stability desire especially : this kind of property acquired once the generation of the lien or stability interest that's topic for the lien or turns into collateral for the safety fascination : property transferred on the estate of the decedent soon after execution with the will — prevalent property more info : property owned or employed by multiple bash precisely : property owned or leased by tenants in common

ownership in indivision at ownership Take note: The states having community property laws are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property in this entry specifically, within the civil law of Louisiana : tracts of land with their component components — intangible property : property (as being a stock certificate or professional license) that derives value not from its intrinsic physical mother nature but from what it signifies — mental property

of not conducting warmth character relates to a peculiar and exclusive excellent of the matter or a category.

a : a top quality or trait belonging and especially peculiar to a person or point b : an impact that an object has on An additional object or on the senses c : virtue perception two d : an attribute prevalent to all customers of a category

a : anything owned or possessed exclusively : a bit of real estate b : the distinctive proper to possess, appreciate, and dispose of a detail : possession c : a thing to which somebody or organization incorporates a authorized title d : 1 (such as a performer) who's below contract and whose work is very important e : a e book or script acquired for publication or creation

property implies a characteristic that belongs to a detail's critical mother nature and should be employed to describe a type or species.

see also QTIP belief at belief Observe: Beneath federal tax law the property must be A part of the gross estate with the surviving husband or wife at their personal death, where by it can be subject matter to taxation.