New Step by Step Map For property

New Step by Step Map For property

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typical property Local community property intellectual property individual property property damage property destruction insurance plan property correct property tax community property

Evaluate tenancy in popular at tenancy — Local community property : property held jointly by husband and spouse especially : property especially from work acquired by both partner following relationship that is certainly considered in states possessing a Group property program to belong to both of those spouses as undivided one particular-half pursuits

on the corporation : property belonging to a selected individual — capable terminable curiosity property : property passing to a surviving husband or wife that qualifies for the marital deduction In the event the executor so elects providing the husband or wife is entitled to receive cash flow in payments produced a minimum of per year for life Which no one has a power to appoint any Portion of the property to anyone apart from the surviving husband or wife

see also antenuptial settlement Notice: In most states, on divorce marital property is divided In keeping with what the courtroom establishes is equitable. — movable property : property (as individual property or crops) which can be moved — own property : property (for a car) that is definitely movable but not together with crops or other sources however hooked up to land : property apart from real property a tax on the non-public property

— real property : property consisting of land, properties, crops, or other resources nevertheless connected to or inside the land or advancements or fixtures permanently connected into the land or even a structure on Furthermore, it : an desire, benefit, correct, or privilege in this sort of property

referred to as also immovable property — individual property : property of the spouse that is not community property or marital property In particular : property obtained by a partner in advance of relationship or separately throughout relationship (as by gift or typically by inheritance) — tangible property : property that includes a tangible and corporeal existence and intrinsic economic worth thanks to it the insurance coverage coverage limited property destruction protection to tangible property

These examples are programmatically compiled from numerous on-line sources For example current usage from the term 'property.' Any views expressed from the illustrations never symbolize those of Merriam-Webster or its editors. Deliver us responses about these illustrations.

— marital property : property acquired by either husband or wife in the training course of a marriage that is certainly subject matter to division upon divorce

see also asset, estate, desire sense 1, possession feeling 1e — abandoned property : property to which the owner has relinquished all rights Note: When property is abandoned, the proprietor presents up the acceptable expectation of privateness about it. The finder of deserted property is entitled to help keep it, and a police officer may possibly acquire possession of deserted property as proof with out violating the assure towards unreasonable lookups and seizures in the Fourth Modification to the U.S. Constitution. — soon after-obtained property : property (as proceeds) that a debtor acquires once the commencement of the individual bankruptcy scenario and that is typically deemed Portion of the bankruptcy estate : property acquired following the perfection of the lien or protection fascination Primarily : such property acquired following the generation of the lien or protection desire that may be subject for the lien or turns into collateral for the security curiosity : property transferred on the estate of a decedent right after execution in the will — frequent property : property owned or utilized by more than one celebration especially : property owned or leased by tenants in frequent

ownership in indivision at ownership Be aware: The states having Neighborhood property laws are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property During this entry exclusively, within the civil regulation of Louisiana : tracts of land with their element components — intangible property : property (as being a stock certificate or Specialist license) that derives price not from its intrinsic Actual physical mother nature but from what it signifies — mental property

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

a : an excellent or trait belonging and particularly peculiar to somebody or factor b : an outcome that an item has on An additional object or around the senses c : advantage perception two d : an attribute prevalent to all customers of a class

a : some thing owned or possessed specifically : a bit of real estate b : the distinctive proper to possess, love, and get rid of a factor : possession c : anything to click here which an individual or business provides a legal title d : one (for instance a performer) who's under agreement and whose work is very valuable e : a e-book or script procured for publication or creation

property indicates a characteristic that belongs to your thing's vital mother nature and may be utilised to explain a sort or species.

see also QTIP believe in at have faith in Take note: Below federal tax legislation the property need to be included in the gross estate on the surviving wife or husband at his or her possess Dying, where it is actually issue to taxation.