New Step by Step Map For property

New Step by Step Map For property

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widespread property Group property mental property private property property damage property problems insurance policies property correct property tax general public property

Examine tenancy in widespread at tenancy — Neighborhood property : property held jointly by partner and spouse especially : property Particularly from work obtained by either wife or husband just after relationship which is deemed in states using a Neighborhood property procedure to belong to both of those spouses as undivided a single-50 % passions

from the Company : property belonging to a specific person — experienced terminable interest property : property passing to your surviving partner that qualifies for that marital deduction In case the executor so elects supplying which the husband or wife is entitled to receive profits in payments made not less than every year for all times Which no-one has an influence to appoint any A part of the property to anyone apart from the surviving wife or husband

see also antenuptial arrangement Note: In the majority of states, upon divorce marital property is split Based on just what the courtroom establishes is equitable. — movable property : property (as personalized property or crops) that can be moved — own property : property (being a car) that is definitely movable but not together with crops or other sources continue to connected to land : property in addition to real property a tax on the private property

— real property : property consisting of land, properties, crops, or other assets still connected to or throughout the land or enhancements or fixtures forever attached to your land or perhaps a framework on In addition it : an curiosity, gain, right, or privilege in these kinds of property

called also immovable property — independent property : property of a partner that's not Local community property or marital property Particularly : property obtained by a wife or husband just before relationship or individually in the course of relationship (as by gift or usually by inheritance) — tangible property : property that includes a tangible and corporeal existence and intrinsic economic worth as a consequence of it the insurance coverage coverage limited property harm coverage to tangible property

These illustrations are programmatically compiled from many on-line sources For instance existing utilization of the word 'property.' Any views expressed during the examples usually do not depict Those people of Merriam-Webster or its editors. Send out us feedback about these examples.

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

see also asset, estate, desire sense one, possession sense 1e — deserted property : property to which the operator has relinquished all legal rights Notice: When property is abandoned, the operator offers up the affordable expectation of privateness relating to it. The finder of abandoned property is entitled to keep it, along with a police officer may perhaps choose possession of deserted property as evidence with out violating the guarantee towards unreasonable searches and seizures within the Fourth Modification to your U.S. Structure. — immediately after-acquired property : property (as proceeds) that a debtor acquires following the commencement of a individual bankruptcy circumstance and that is generally considered part of the bankruptcy estate : property acquired once the perfection of the lien or protection fascination Particularly : these kinds of property obtained following the creation of the lien or protection curiosity that's issue to your lien or turns into collateral for the security fascination : property transferred towards the estate of the decedent immediately after execution on the will — typical property : property owned or employed by multiple celebration precisely : property owned or leased by tenants in prevalent

ownership in indivision at possession Notice: The states getting Group property rules are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property in this entry specifically, inside the civil law of Louisiana : tracts of land with their component pieces — intangible property : property (for a stock certification or Qualified license) that derives worth not from its intrinsic physical read more nature but from what it signifies — intellectual property

of not conducting heat character applies to a peculiar and distinct good quality of a factor or a category.

a : an excellent or trait belonging and particularly peculiar to a person or detail b : an influence that an object has on An additional item or within the senses c : advantage feeling 2 d : an attribute prevalent to all customers of a class

a : a thing owned or possessed especially : a piece of real estate b : the distinctive correct to have, take pleasure in, and eliminate a point : possession c : anything to which a person or small business includes a lawful title d : a single (for instance a performer) who's underneath contract and whose get the job done is especially precious e : a guide or script ordered for publication or manufacturing

property indicates a characteristic that belongs to your factor's necessary nature and may be utilised to explain a type or species.

see also QTIP belief at have confidence in Take note: Less than federal tax legislation the property need to be A part of the gross estate of the surviving partner at his / her own Loss of life, wherever it is matter to taxation.