The Single Best Strategy To Use For property

The Single Best Strategy To Use For property

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popular property Neighborhood property mental property individual property property injury property damage insurance policies property correct property tax community property

Review tenancy in frequent at tenancy — Group property : property held jointly by spouse and wife specially : property Specifically from work acquired by possibly spouse immediately after marriage that is considered in states having a Local community property method to belong to both equally spouses as undivided 1-50 % interests

of your corporation : property belonging to a certain individual — skilled terminable curiosity property : property passing to the surviving partner that qualifies with the marital deduction In the event the executor so elects furnishing that the wife or husband is entitled to receive profits in payments produced no less than yearly for all times and that not one person has a power to appoint any Section of the property to any person apart from the surviving wife or husband

see also antenuptial agreement Observe: In most states, on divorce marital property is divided In accordance with just what the court establishes is equitable. — movable property : property (as personal property or crops) which can be moved — own property : property (like a auto) that's movable although not including crops or other assets continue to attached to land : property besides real property a tax on the personal 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, advantage, appropriate, or privilege in these types of property

known as also immovable property — separate property : property of a husband or wife that is not Neighborhood property or marital property In particular : property obtained by a partner ahead of relationship or individually in the course of relationship (as by reward or frequently by inheritance) — tangible property : property that features a tangible and corporeal existence and intrinsic financial value as a result of it the insurance plan policy restricted property hurt protection to tangible property

These examples are programmatically compiled from different on the net resources to illustrate existing use of your word 'property.' Any thoughts expressed from the illustrations do not symbolize People of Merriam-Webster or its editors. Mail us suggestions about these examples.

— marital property : property obtained by possibly spouse throughout the system of the relationship that is topic to division upon divorce

see also asset, estate, fascination perception 1, possession sense 1e — abandoned 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 about it. The finder of abandoned property is entitled to keep it, plus a law enforcement officer may well take possession of abandoned property as evidence with no violating the assurance against unreasonable searches and seizures inside the Fourth Modification to the U.S. Constitution. — right after-acquired property : property (as proceeds) that a debtor acquires following the commencement of a individual bankruptcy case and that is generally deemed Section of the individual bankruptcy estate : property obtained once the perfection of the lien or security interest Particularly : this sort of property acquired following the development of the lien or protection fascination that is definitely issue to the lien or becomes collateral for the security interest : property transferred towards the estate of a decedent right after execution in the will — widespread property : property owned or utilized by multiple social gathering specially : property owned or leased by tenants in prevalent

possession in indivision at possession Observe: The states acquiring Group property guidelines are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property During this entry specifically, in the civil law of Louisiana : tracts of land with their component parts — intangible property : property (as a stock certification or professional license) that derives value not from its intrinsic Actual physical mother nature but from what it signifies — mental property

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

a : an outstanding or trait belonging and particularly peculiar to someone or issue b : an effect that an item has on another item or over the senses c : advantage perception two d : an attribute widespread to all customers of a class

a : one thing owned or possessed especially : a piece of real estate b : the exclusive right to possess, enjoy, and eliminate a detail : possession c : a thing to which somebody or organization includes a authorized title d : 1 (such as a performer) that's under deal and whose do the job is very worthwhile e : a ebook or script acquired check here for publication or manufacturing

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

see also QTIP trust at belief Observe: Beneath federal tax legislation the property should be included in the gross estate of your surviving husband or wife at her or his very own death, where it is actually subject matter to taxation.