The Single Best Strategy To Use For property

The Single Best Strategy To Use For property

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popular property Neighborhood property intellectual property personal property property destruction property problems insurance policies property correct property tax general public property

Assess tenancy in typical at tenancy — Group property : property held jointly by husband and spouse especially : property In particular from employment obtained by either spouse just after marriage that is definitely deemed in states aquiring a Neighborhood property system to belong to the two spouses as undivided one-50 percent pursuits

in the Company : property belonging to a specific person — skilled terminable curiosity property : property passing into a surviving spouse that qualifies for that marital deduction When the executor so elects giving that the husband or wife is entitled to obtain revenue in payments built at the least annually for all times and that no person has an influence to appoint any Portion of the property to anyone apart from the surviving wife or husband

see also antenuptial agreement Observe: In most states, on divorce marital property is split In accordance with just what the court decides is equitable. — movable property : property (as own property or crops) that may be moved — private property : property (as a automobile) that may be movable but not which include crops or other resources nevertheless hooked up to land : property apart from real property a tax on the private property

— real property : property consisting of land, buildings, crops, or other assets continue to attached to or inside the land or advancements or fixtures completely hooked up to the land or possibly a composition on Additionally, it : an fascination, profit, proper, or privilege in these property

called also immovable property — independent property : property of a spouse that is not Neighborhood property or marital property In particular : property acquired by a wife or husband in advance of relationship or independently for the duration of relationship (as by gift or usually by inheritance) — tangible property : property that has a tangible and corporeal existence and intrinsic economic price thanks to it the insurance policy restricted property hurt protection to tangible property

These examples are programmatically compiled from different on the net sources As an instance present-day usage with the word 'property.' Any views expressed inside the illustrations don't symbolize All those of Merriam-Webster or its editors. Send us feed-back about these examples.

— marital property : property obtained by possibly spouse through the study course of the relationship that's matter to division on divorce

see also asset, estate, desire perception 1, possession sense 1e — abandoned property : property to which the proprietor has relinquished all legal rights Observe: When property is deserted, the operator gives up the sensible expectation of privateness regarding it. The finder of deserted property is entitled to help keep it, plus a law enforcement officer may perhaps get possession of abandoned property as evidence without the need of violating the guarantee against unreasonable lookups and seizures during the Fourth Modification towards the U.S. Structure. — following-acquired property : property (as proceeds) that a debtor acquires after the commencement of the bankruptcy case and that is generally regarded as Element of the individual bankruptcy estate : property acquired following the perfection of a lien or safety fascination Particularly : these types of property obtained once the generation of the lien or protection curiosity which is topic to the lien or gets to be collateral for the security desire : property transferred for the estate of a decedent immediately after execution with the will — prevalent property : property owned or used by multiple bash especially : property owned or leased by tenants in typical

ownership in indivision at possession Observe: The states having Neighborhood property legal guidelines are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property On this entry particularly, in the civil regulation of Louisiana : tracts of land with their part elements — intangible property : property (to be a inventory certification or Skilled license) that derives value not from its intrinsic physical mother nature but from what it signifies — intellectual property

of not conducting heat character relates to a peculiar and unique high-quality of the factor or a category.

a : an outstanding or trait belonging and especially peculiar to a person or factor b : an impact that an object has on A different object or to the get more info senses c : virtue perception two d : an attribute frequent to all users of a class

a : some thing owned or possessed precisely : a piece of real estate b : the exceptional right to have, appreciate, and eliminate a factor : possession c : one thing to which anyone or organization features a authorized title d : one (like a performer) that's beneath deal and whose operate is especially beneficial e : a e book or script obtained for publication or output

property implies a attribute that belongs to a point's crucial nature and may be made use of to explain a kind or species.

see also QTIP have confidence in at believe in Notice: Less than federal tax legislation the property needs to be included in the gross estate with the surviving spouse at their have Loss of life, wherever it is matter to taxation.