The best Side of property

The best Side of property

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prevalent property community property mental property personalized property property damage property problems insurance property correct property tax general public property

Examine tenancy in typical at tenancy — Local community property : property held jointly by husband and spouse particularly : property Primarily from employment obtained by both spouse soon after relationship that is certainly considered in states getting a Neighborhood property procedure to belong to equally spouses as undivided one-50 percent interests

with the corporation : property belonging to a selected individual — capable terminable curiosity property : property passing to the surviving partner that qualifies with the marital deduction In the event the executor so elects providing which the spouse is entitled to get earnings in payments produced at the very least per year for life Which nobody has an influence to appoint any part of the property to anyone other than the surviving partner

see also antenuptial settlement Be aware: For most states, on divorce marital property is split Based on exactly what the court docket establishes is equitable. — movable property : property (as personal property or crops) that can be moved — individual property : property (as being a car) that's movable but not such as crops or other sources nonetheless hooked up to land : property other than real property a tax on the private property

— real property : property consisting of land, properties, crops, or other sources however attached to or in the land or advancements or fixtures completely hooked up towards the land or possibly a composition on In addition, it : an desire, profit, correct, or privilege in these property

known as also immovable property — different property : property of a partner that isn't Group property or marital property Particularly : property acquired by a wife or husband in advance of relationship or individually for the duration of relationship (as by present or generally by inheritance) — tangible property : property that has a tangible and corporeal existence and intrinsic financial benefit as a result of it the insurance plan policy restricted property problems protection to tangible property

These examples are programmatically compiled from a variety of online sources As an instance present-day usage in the term 'property.' Any opinions expressed within the illustrations never signify Individuals of Merriam-Webster or its editors. Send out us opinions about these examples.

— marital property : property obtained by either husband or wife in the training course of the relationship that is topic to division on divorce

see also asset, estate, fascination feeling 1, possession sense 1e — abandoned property : property to which the operator has relinquished all rights Note: When property is deserted, the operator gives up the affordable expectation of privateness relating to it. The finder of deserted property is entitled to keep it, as well as a police officer might choose possession of abandoned property as evidence without the need of violating the promise versus unreasonable searches and seizures within the Fourth Amendment on the U.S. Structure. — immediately after-acquired property : property (as proceeds) that a debtor acquires after the commencement of a personal bankruptcy situation and that is usually considered Element of the individual bankruptcy estate : property obtained following the perfection of a lien or security desire Specially : this sort of property obtained after the generation of the lien or protection curiosity that's issue to your lien or turns into collateral for the safety desire : property transferred to the estate of a decedent right after execution of the will — common property : property owned or employed by multiple get together specifically : property owned or leased by tenants in prevalent

ownership in indivision at ownership Observe: The states possessing community property get more info guidelines are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property In this particular entry especially, in the civil law of Louisiana : tracts of land with their ingredient elements — intangible property : property (as a inventory certificate or Experienced license) that derives price not from its intrinsic physical nature but from what it represents — mental property

of not conducting warmth character applies to a peculiar and exclusive top quality of the matter or a category.

a : a quality or trait belonging and particularly peculiar to an individual or thing b : an influence that an item has on Yet another item or within the senses c : advantage sense two d : an attribute typical to all users of a class

a : a little something owned or possessed specifically : a piece of real estate b : the exclusive proper to have, take pleasure in, and eliminate a point : possession c : some thing to which anyone or enterprise has a authorized title d : one (like a performer) that's below agreement and whose operate is particularly useful e : a reserve or script obtained for publication or generation

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

see also QTIP have faith in at have confidence in Be aware: Under federal tax regulation the property needs to be A part of the gross estate in the surviving partner at his or her possess Demise, where by it is topic to taxation.