New Step by Step Map For property

New Step by Step Map For property

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widespread property Local community property mental property particular property property destruction property damage insurance coverage property proper property tax community property

Examine tenancy in frequent at tenancy — Group property : property held jointly by partner and spouse specially : property In particular from work obtained by either spouse after relationship that may be considered in states having a Group property process to belong to both equally spouses as undivided just one-50 % passions

in the corporation : property belonging to a particular person — qualified terminable interest property : property passing to the surviving husband or wife that qualifies for your marital deduction When the executor so elects providing which the husband or wife is entitled to obtain earnings in payments built not less than on a yearly basis for all times Which not a soul has an influence to appoint any Element of the property to anyone in addition to the surviving wife or husband

see also antenuptial settlement Take note: For most states, on divorce marital property is split In keeping with just what the court docket establishes is equitable. — movable property : property (as own property or crops) which might be moved — private property : property (as being a vehicle) that is definitely movable although not such as crops or other means continue to hooked up to land : property apart from real property a tax on the non-public property

— real property : property consisting of land, buildings, crops, or other assets nevertheless connected to or in the land or advancements or fixtures forever attached on the land or simply a construction on In addition it : an interest, advantage, suitable, or privilege in these types of property

identified as also immovable property — separate property : property of a wife or husband that is not Neighborhood property or marital property In particular : property obtained by a partner before marriage or separately throughout relationship (as by reward or frequently by inheritance) — tangible property : property which has a tangible and corporeal existence and intrinsic economic value because of it the insurance coverage coverage limited property damage coverage to tangible property

These illustrations are programmatically compiled from various on the internet resources As an instance latest use of your term 'property.' Any opinions expressed inside the illustrations usually do not stand for those of Merriam-Webster or its editors. Ship us responses about these illustrations.

— marital property : property obtained by both husband or wife during the program of a marriage that's matter to division on divorce

see also asset, estate, interest sense 1, possession feeling 1e — deserted property : property to which the operator has relinquished all legal rights Observe: When property is deserted, the proprietor provides up the realistic expectation of privateness about it. The finder of abandoned property is entitled to keep it, as well as a police officer may possibly acquire possession of deserted property as evidence without having violating the assure versus unreasonable lookups and seizures while in the Fourth Amendment towards the U.S. Constitution. — after-acquired property : property (as proceeds) that a debtor acquires after the commencement of a bankruptcy situation and that is generally considered Element of the individual bankruptcy estate : property obtained following the perfection of a lien or protection fascination In particular : these types of property obtained once the development of the lien or stability fascination that may be subject matter on the lien or will become collateral for the safety curiosity : property transferred towards the estate of a decedent following execution in the will — typical property : property owned or employed by multiple get together especially : get more info property owned or leased by tenants in common

ownership in indivision at possession Take note: The states owning Group property legislation are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property With this entry exclusively, inside the civil regulation of Louisiana : tracts of land with their ingredient sections — intangible property : property (for a inventory certificate or Qualified license) that derives price not from its intrinsic physical character but from what it represents — mental property

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

a : an excellent or trait belonging and particularly peculiar to a person or thing b : an influence that an object has on A further item or around the senses c : advantage feeling 2 d : an attribute typical to all users of a class

a : a little something owned or possessed especially : a bit of real estate b : the exceptional appropriate to possess, delight in, and get rid of a thing : ownership c : something to which someone or enterprise features a lawful title d : a single (for instance a performer) that is under agreement and whose function is very beneficial e : a reserve or script acquired for publication or production

property indicates a characteristic that belongs to the matter's crucial nature and should be used to explain a sort or species.

see also QTIP have confidence in at belief Notice: Under federal tax legislation the property should be A part of the gross estate of the surviving partner at his / her very own Dying, the place it is subject matter to taxation.