The Single Best Strategy To Use For property

The Single Best Strategy To Use For property

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prevalent property Neighborhood property intellectual property personalized property property injury property damage coverage property appropriate property tax public property

Look at tenancy in frequent at tenancy — community property : property held jointly by spouse and wife specially : property Specifically from work obtained by either husband or wife right after relationship that is certainly deemed in states using a Neighborhood property process to belong to the two spouses as undivided a person-fifty percent pursuits

in the Company : property belonging to a selected particular person — qualified terminable fascination property : property passing to a surviving husband or wife that qualifies for the marital deduction In case the executor so elects supplying which the spouse is entitled to get income in payments made not less than every year for life and that not one person has a power to appoint any part of the property to any person aside from the surviving wife or husband

see also antenuptial arrangement Observe: In many states, on divorce marital property is divided In line with just what the courtroom determines is equitable. — movable property : property (as particular property or crops) that may be moved — personalized property : property (to be a automobile) that may be movable but not which includes crops or other means nevertheless hooked up to land : property other than real property a tax on the private property

— real property : property consisting of land, properties, crops, or other means still attached to or throughout the land or improvements or fixtures completely hooked up to the land or possibly a construction on In addition, it : an fascination, gain, right, or privilege in this sort of property

termed also immovable property — separate property : property of the husband or wife that's not community property or marital property Specially : property obtained by a partner in advance of relationship or individually in the course of marriage (as by reward or often by inheritance) — tangible property : property which has a tangible and corporeal existence and intrinsic financial benefit due to it the insurance plan limited property harm coverage to tangible property

These examples are programmatically compiled from many online resources For instance recent use of the word 'property.' Any views expressed from the examples usually do not symbolize People of Merriam-Webster or its editors. Send out us responses about these examples.

— marital property : property acquired by either spouse throughout the class of a marriage that is definitely subject matter to division on divorce

see also asset, estate, fascination feeling one, possession feeling 1e — abandoned property : property to which the owner has relinquished all legal rights Observe: When property is deserted, the owner gives up the reasonable expectation of privateness relating to it. The finder of deserted property is entitled to help keep it, as well as a police officer could just take possession of abandoned property as evidence with out violating the guarantee from unreasonable queries and seizures from the Fourth Modification on the U.S. Constitution. — soon after-acquired property : property (as proceeds) that a debtor acquires after the commencement of a individual bankruptcy scenario and that is generally regarded as A part of the bankruptcy estate : property obtained once the perfection of the lien or safety curiosity Particularly : such property obtained following the development of a lien or security curiosity which is subject matter to your lien or gets to be collateral for the security desire : property transferred to the estate of a decedent following execution from the will — frequent property : property owned or utilized by multiple celebration specifically : property owned or leased by tenants in popular

possession in indivision at ownership Take note: The states obtaining Neighborhood property laws are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property During this entry specially, inside the civil regulation of Louisiana : tracts of land with their ingredient pieces — intangible property : property (as a inventory certificate or professional license) that derives price not from its intrinsic Bodily mother nature but from what it signifies — intellectual property

of not conducting warmth character applies to a peculiar and distinct top quality of the detail or a category.

a : an excellent or trait belonging and particularly peculiar to someone or factor b : an outcome that an object has on another item or around the senses c : advantage feeling two d : an attribute prevalent 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 get rid of a factor : ownership c : something to which a person or business contains a lawful title d : just one (such as a performer) that is underneath deal and whose operate is particularly useful e : a guide or script bought for publication or production

property implies a attribute that belongs into a point's important nature and could be applied to explain a kind or species.

see also QTIP believe in at believe in Take note: Less than federal tax get more info regulation the property have to be included in the gross estate from the surviving spouse at his / her individual Demise, the place it really is topic to taxation.