The Single Best Strategy To Use For property

The Single Best Strategy To Use For property

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widespread property Group property mental property private property property harm property harm insurance coverage property right property tax community property

Examine tenancy in common at tenancy — Local community property : property held jointly by spouse and spouse specially : property Specifically from employment obtained by either wife or husband immediately after marriage that is definitely deemed in states having a Neighborhood property procedure to belong to the two spouses as undivided a person-half passions

of the corporation : property belonging to a specific person — experienced terminable desire property : property passing into a surviving wife or husband that qualifies with the marital deduction When the executor so elects furnishing that the husband or wife is entitled to acquire revenue in payments built at least every year for all times Which no-one has an influence to appoint any part of the property to any person aside from the surviving wife or husband

see also antenuptial arrangement Take note: In most states, upon divorce marital property is split In accordance with just what the court docket establishes is equitable. — movable property : property (as personalized property or crops) which might be moved — own property : property (as being a car or truck) that is movable but not like crops or other means still attached to land : property aside from real property a tax on the private property

— real property : property consisting of land, properties, crops, or other resources still attached to or within the land or improvements or fixtures completely connected on the land or simply a structure on In addition, it : an fascination, gain, ideal, or privilege in these types of property

referred to as also immovable property — individual property : property of the husband or wife that is not Neighborhood property or marital property Specially : property obtained by a husband or wife right before marriage or individually during marriage (as by gift or usually by inheritance) — tangible property : property which has a tangible and corporeal existence and intrinsic economic price as a consequence of it the coverage plan limited property damage coverage to tangible property

These illustrations are programmatically compiled from various on-line sources For instance present usage of the term 'property.' Any views expressed from the illustrations tend not to symbolize People of Merriam-Webster or its editors. Ship us opinions about these illustrations.

— marital property : property obtained by either spouse in the course of the study course of the marriage which is subject to division on divorce

see also asset, estate, desire perception one, possession feeling 1e — abandoned property : property to which the owner has relinquished all legal rights Be aware: When property is abandoned, the operator presents up the acceptable expectation of privacy regarding it. The finder of abandoned property is entitled to help keep it, along with a law enforcement officer may perhaps acquire possession of abandoned property as proof without having violating the assure against unreasonable lookups and seizures from the Fourth Amendment towards the U.S. Structure. — just after-obtained property : property (as proceeds) that a debtor acquires once the commencement of the individual bankruptcy scenario and that's typically regarded as part of the individual bankruptcy estate : property obtained after the perfection of a lien or stability fascination Specifically : such property acquired after the generation of the lien or security desire that is definitely matter to the lien or results in being collateral for the safety interest : property transferred into the estate of the decedent right after execution from the will — prevalent property : property owned or used by multiple bash exclusively : property owned or leased by tenants in frequent

possession in indivision at possession Be aware: The states owning Local community property rules are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property Within this entry specifically, while in the civil law of Louisiana : tracts of land with their ingredient components — intangible property : property (to be a stock certificate or Expert license) that derives price not from its intrinsic physical mother nature but from what it represents — mental property

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

a : a quality or trait belonging and especially peculiar to someone or factor b : an outcome that an object has on another object or over the senses c : virtue perception 2 d : an attribute common to all customers of a category

a : one thing owned or possessed precisely : a piece of real estate b : the exceptional right to have, enjoy, and get rid of a detail : ownership c : a little something to which someone or business incorporates a legal title d : one particular (such as a performer) who's below deal and whose function is especially precious e : a book or script purchased for publication or manufacturing

property indicates a click here characteristic that belongs into a detail's important character and could be employed to explain a type or species.

see also QTIP have faith in at trust Notice: Less than federal tax law the property have to be A part of the gross estate from the surviving spouse at their individual death, wherever it is matter to taxation.