The Single Best Strategy To Use For property

The Single Best Strategy To Use For property

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prevalent property Local community property intellectual property individual property property damage property hurt insurance plan property appropriate property tax public property

Look at tenancy in widespread at tenancy — Neighborhood property : property held jointly by husband and spouse exclusively : property Specifically from employment obtained by either wife or husband immediately after marriage that is definitely considered in states possessing a Neighborhood property procedure to belong to both equally spouses as undivided one particular-fifty percent interests

with the corporation : property belonging to a selected individual — capable terminable curiosity property : property passing to a surviving husband or wife that qualifies to the marital deduction if the executor so elects giving that the wife or husband is entitled to receive money in payments created a minimum of per year for life and that no one has a power to appoint any Element of the property to any person in addition to the surviving partner

see also antenuptial settlement Notice: For most states, upon divorce marital property is split In line with just what the courtroom establishes is equitable. — movable property : property (as individual property or crops) which might be moved — private property : property (as a car or truck) that may be movable although not like crops or other means nevertheless connected to land : property other than real property a tax on the personal property

— real property : property consisting of land, structures, crops, or other resources even now hooked up to or inside the land or enhancements or fixtures forever attached on the land or a construction on In addition it : an curiosity, gain, right, or privilege in this sort of property

identified as also immovable property — separate property : property of a husband or wife that is not Neighborhood property or marital property Primarily : property acquired by a husband or wife right before marriage or individually through relationship (as by reward or typically by inheritance) — tangible property : property that has a tangible and corporeal existence and intrinsic financial value because of it the insurance policies policy restricted property hurt protection to tangible property

These examples are programmatically compiled from numerous on the internet sources For example current utilization on the phrase 'property.' Any viewpoints expressed in the examples do not depict those of Merriam-Webster or its editors. Send us comments about these illustrations.

— marital property : property obtained by possibly wife or husband throughout the system of the relationship that may be subject to division on divorce

see also asset, estate, interest feeling 1, possession feeling 1e — abandoned property : property to which the proprietor has relinquished all legal rights Note: When property is abandoned, the owner gives up the affordable expectation of privacy concerning it. The finder of abandoned property is entitled to maintain it, and a law enforcement officer may perhaps acquire possession of abandoned property as evidence with out violating the assure against unreasonable searches and seizures in the Fourth Amendment into the U.S. Structure. — right after-acquired property : property (as proceeds) that a debtor acquires once the commencement of the personal bankruptcy case and that is usually considered Element of the personal bankruptcy estate : property acquired after the perfection of the lien or protection curiosity especially : such property obtained following the development of a lien or protection interest which is subject for the lien or gets to be collateral for the safety curiosity : property transferred to the estate of the decedent following execution of your will — widespread property : property owned or used by multiple get together specifically : property owned or leased by tenants in widespread

ownership in indivision at possession Note: The states more info owning Local community property regulations are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property During this entry exclusively, in the civil legislation of Louisiana : tracts of land with their component elements — intangible property : property (as a stock certification or Specialist license) that derives value not from its intrinsic Bodily mother nature but from what it represents — mental property

of not conducting heat character relates to a peculiar and distinctive good quality of the issue or a category.

a : a high quality or trait belonging and particularly peculiar to an individual or matter b : an impact that an item has on A further object or to the senses c : virtue sense two d : an attribute common to all associates of a category

a : some thing owned or possessed exclusively : a piece of real estate b : the distinctive ideal to possess, get pleasure from, and dispose of a point : possession c : some thing to which somebody or organization contains a authorized title d : just one (such as a performer) that is less than contract and whose operate is very valuable e : a e-book or script ordered for publication or production

property implies a attribute that belongs to the factor's vital mother nature and may be employed to explain a sort or species.

see also QTIP trust at have confidence in Observe: Under federal tax law the property have to be A part of the gross estate of the surviving spouse at their personal death, in which it truly is issue to taxation.