New Step by Step Map For property

New Step by Step Map For property

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widespread property Group property intellectual property particular property property hurt property harm coverage property appropriate property tax public property

Review tenancy in popular at tenancy — Neighborhood property : property held jointly by husband and spouse particularly : property In particular from employment obtained by both wife or husband soon after marriage that is definitely deemed in states using a Neighborhood property process to belong to each spouses as undivided a person-fifty percent pursuits

in the Company : property belonging to a specific human being — competent terminable desire property : property passing into a surviving wife or husband that qualifies for your marital deduction Should the executor so elects offering which the partner is entitled to get earnings in payments manufactured a minimum of per year for life Which no one has an influence to appoint any Element of the property to any person in addition to the surviving partner

see also antenuptial settlement Be aware: In the majority of states, upon divorce marital property is divided In keeping with just what the court decides is equitable. — movable property : property (as personal property or crops) which can be moved — own property : property (like a car or truck) that's movable although not including crops or other assets continue to connected to land : property besides real property a tax on the personal property

— real property : property consisting of land, structures, crops, or other means nonetheless connected to or within the land or enhancements or fixtures forever attached for the land or maybe a structure on Furthermore, it : an desire, benefit, appropriate, or privilege in these types of property

known as also immovable property — individual property : property of the partner that isn't Group property or marital property Particularly : property obtained by a wife or husband prior to marriage or separately during marriage (as by present or normally 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 various on the internet resources For example present utilization with the term 'property.' Any opinions expressed from the examples don't depict those of Merriam-Webster or its editors. Ship us responses about these illustrations.

— marital property : property acquired by both husband or wife over the course of a marriage that is certainly subject matter to division on divorce

see also asset, estate, interest sense 1, possession feeling 1e — deserted property : property to which the operator has relinquished all legal rights Note: When property is abandoned, the proprietor offers up the acceptable expectation of privateness concerning it. The finder of abandoned property is entitled to help keep it, plus a law enforcement officer may well take possession of abandoned property as evidence without having violating the promise from unreasonable lookups and seizures in the Fourth Amendment towards the U.S. Constitution. — soon after-obtained property : property (as proceeds) that a debtor acquires once the commencement of the individual bankruptcy circumstance and that is typically regarded Element of the individual bankruptcy estate : property obtained once the perfection of the lien or safety interest Specifically : these kinds of property obtained following the generation of the lien or stability curiosity that is certainly subject matter to your lien or results in being collateral for the safety interest : property transferred to the estate of a decedent following execution from the will — typical property : property owned or utilized by more than one get together exclusively : property owned or leased by tenants in widespread

possession in indivision at possession Observe: The states acquiring Local community property legislation are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property With this entry specially, during the civil regulation of Louisiana : tracts of land with their ingredient sections — intangible property : property (to be a inventory certification or Qualified license) that derives benefit not from its intrinsic Actual physical mother nature but from what it signifies — mental property

of not conducting heat character applies to a peculiar and unique top quality of a factor or a class.

a : a high quality or trait belonging and especially peculiar to an individual or thing b : an effect that an object has on another item or over the senses c : advantage perception two d : an attribute prevalent to all customers of a category

a : anything owned or possessed exclusively : a piece of real estate b : the special right to have, love, and eliminate a matter : possession c : a little something to which anyone or small business provides a authorized title d : one particular (like a performer) who is under contract and whose do the job is very precious e : a ebook or script acquired for publication read more or creation

property implies a characteristic that belongs to the matter's necessary character and will be utilized to explain a sort or species.

see also QTIP rely on at have faith in Be aware: Below federal tax law the property needs to be A part of the gross estate on the surviving partner at his or her own Dying, wherever it truly is matter to taxation.