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 particular property property destruction property injury insurance policies property proper property tax general public property

Assess tenancy in frequent at tenancy — Group property : property held jointly by spouse and spouse specially : property Specifically from work acquired by possibly partner just after marriage that's considered in states possessing a Group property program to belong to both spouses as undivided one particular-half pursuits

in the Company : property belonging to a particular human being — competent terminable fascination property : property passing to a surviving husband or wife that qualifies for the marital deduction If your executor so elects supplying that the partner is entitled to get income in payments designed at the very least on a yearly basis for life Which nobody has an influence to appoint any A part of the property to anyone other than the surviving husband or wife

see also antenuptial agreement Notice: In most states, upon divorce marital property is split In accordance with just what the court determines is equitable. — movable property : property (as own property or crops) which might be moved — personal property : property (to be a automobile) that may be movable but not which includes crops or other sources even now hooked up to land : property aside from real property a tax on the non-public property

— real property : property consisting of land, structures, crops, or other methods nonetheless connected to or in the land or improvements or fixtures forever attached for the land or simply a structure on What's more, it : an curiosity, gain, right, or privilege in these kinds of property

termed also immovable property — independent property : property of the wife or husband that is not Local community property or marital property Primarily : property acquired by a husband or wife right before marriage or independently all through marriage (as by present or generally by inheritance) — tangible property : property that has a tangible and corporeal existence and intrinsic economic price thanks to it the insurance coverage limited property damage coverage to tangible property

These illustrations are programmatically compiled from many on-line resources As an instance current utilization with the term 'property.' Any opinions expressed while in the illustrations do not signify People of Merriam-Webster or its editors. Mail us feedback about these examples.

— marital property : property obtained by either husband or wife through the course of a marriage that is definitely subject to division upon divorce

see also asset, estate, curiosity feeling one, possession sense 1e — abandoned property : property to which the proprietor has relinquished all legal rights Take note: When property is abandoned, the owner offers up the acceptable expectation of privateness concerning it. The finder of abandoned property is entitled to help keep it, plus a law enforcement officer may perhaps consider possession of abandoned property as proof devoid of violating the guarantee towards unreasonable queries and seizures from the Fourth Modification to the U.S. Constitution. — following-acquired property : property (as proceeds) that a debtor acquires following the commencement of the individual bankruptcy circumstance and that is usually deemed Section of the individual bankruptcy estate : property obtained once the perfection of the lien or security curiosity Specially : these property acquired here following the development of the lien or protection fascination that may be issue to the lien or gets to be collateral for the security curiosity : property transferred on the estate of the decedent immediately after execution of your will — popular property : property owned or employed by multiple party specifically : property owned or leased by tenants in typical

ownership in indivision at ownership Be aware: The states possessing Neighborhood property guidelines are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property in this entry specifically, in the civil law of Louisiana : tracts of land with their component components — intangible property : property (as being a stock certificate or Expert license) that derives worth not from its intrinsic physical nature but from what it represents — intellectual property

of not conducting heat character applies to a peculiar and distinctive quality of a thing or a class.

a : a quality or trait belonging and especially peculiar to an individual or thing b : an outcome that an object has on An additional object or on the senses c : virtue perception two d : an attribute popular to all users of a category

a : a thing owned or possessed specially : a bit of real estate b : the exceptional appropriate to possess, take pleasure in, and dispose of a factor : ownership c : something to which anyone or business enterprise contains a lawful title d : just one (like a performer) that is beneath contract and whose function is especially important e : a reserve or script ordered for publication or generation

property indicates a characteristic that belongs to some thing's critical mother nature and should be employed to describe a type or species.

see also QTIP belief at rely on Observe: Beneath federal tax law the property must be A part of the gross estate with the surviving husband or wife at her or his personal death, where by it can be subject matter to taxation.