property - An Overview

property - An Overview

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common property Local community property mental property personalized property property harm property harm coverage property proper property tax general public property

Evaluate tenancy in prevalent at tenancy — community property : property held jointly by spouse and spouse specifically : property Specially from work acquired by both husband or wife following relationship that may be deemed in states using a community property program to belong to both equally spouses as undivided 1-50 percent interests

in the Company : property belonging to a particular individual — skilled terminable interest property : property passing to a surviving partner that qualifies for that marital deduction Should the executor so elects supplying the husband or wife is entitled to receive earnings in payments manufactured not less than yearly for life and that not one person has an influence to appoint any A part of the property to any person aside from the surviving wife or husband

see also antenuptial agreement Be aware: In many states, on divorce marital property is split according to what the courtroom decides is equitable. — movable property : property (as personal property or crops) that may be moved — private property : property (being a auto) that is movable but not such as crops or other assets even now hooked up to land : property in addition to real property a tax on the personal property

— real property : property consisting of land, structures, crops, or other assets even now connected to or in the land or enhancements or fixtures completely connected to your land or simply a structure on it also : an interest, advantage, correct, or privilege in this kind of property

referred to as also immovable property — independent property : property of the partner that isn't Neighborhood property or marital property Specifically : property obtained by a partner in advance of relationship or separately during relationship (as by present or usually by inheritance) — tangible property : property which has a tangible and corporeal existence and intrinsic financial worth due to it the insurance policies coverage limited property destruction coverage to tangible property

These illustrations are programmatically compiled from various on-line sources For example present utilization of your term 'property.' Any viewpoints expressed while in the examples tend not to symbolize those of Merriam-Webster or its editors. Send us feedback about these examples.

— marital property : property obtained by both husband or wife over the class of the relationship that is definitely issue to division on divorce

see also asset, estate, desire perception one, possession perception 1e — deserted property : property to which the proprietor has relinquished all rights Note: When property is abandoned, the owner provides up the sensible expectation of privacy regarding it. The finder of abandoned property is entitled to maintain it, in addition to a law enforcement officer may well get possession of abandoned property as evidence without the need of violating the warranty from unreasonable queries and seizures in the Fourth Modification on the U.S. Constitution. — after-obtained property : property (as proceeds) that a debtor acquires following the commencement of a bankruptcy situation and that is ordinarily regarded Portion of the bankruptcy estate : property obtained following the perfection of a lien or stability fascination Specially : this sort of property acquired once the creation of the lien or safety desire that may be issue on the lien or turns into collateral for the security fascination : property transferred for the estate of a decedent after execution of your will — widespread property : property owned or employed by multiple social gathering particularly : property owned or leased by tenants in popular

ownership in indivision at ownership Observe: The states possessing Group property legal guidelines are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property With this entry especially, within the civil regulation of Louisiana : tracts of land with their element elements — intangible property : property (like a inventory certification or professional license) that derives price not from its intrinsic physical mother nature but from what it represents — mental property

of not conducting warmth character relates to a peculiar and distinct high-quality of the matter or a class.

a : an outstanding or trait belonging and especially peculiar to somebody or point b : an outcome that an object has on another object or on the senses c : virtue perception 2 d : an attribute widespread to all members of a class

a : some thing owned or possessed especially : a piece of real estate b : the distinctive ideal to possess, delight in, and dispose of a matter : ownership c : a thing to which an individual or organization has a authorized title d : a person (like a performer) that's below agreement and whose perform is particularly useful e : a guide or script bought for publication or production

property indicates a attribute that belongs to your issue's crucial nature and may website be made use of to explain a kind or species.

see also QTIP have faith in at have confidence in Be aware: Under federal tax regulation the property need to be A part of the gross estate in the surviving spouse at his or her have Demise, the place it really is topic to taxation.