The Greatest Guide To property

prevalent property Neighborhood property intellectual property individual property property damage property damage insurance property right property tax general public property

Assess tenancy in typical at tenancy — community property : property held jointly by partner and wife specifically : property Primarily from employment acquired by possibly husband or wife right after relationship that is definitely deemed in states having a Group property technique to belong to each spouses as undivided one-50 % passions

of your corporation : property belonging to a selected man or woman — certified terminable interest property : property passing to the surviving husband or wife that qualifies for the marital deduction In case the executor so elects providing the spouse is entitled to get earnings in payments built no less than each year for all times Which no person has an influence to appoint any A part of the property to anyone apart from the surviving husband or wife

see also antenuptial agreement Take note: In many states, on divorce marital property is divided In line with what the court docket determines is equitable. — movable property : property (as particular property or crops) that may be moved — particular property : property (like a auto) which is movable although not such as crops or other methods still attached to land : property besides real property a tax on the non-public property

— real property : property consisting of land, structures, crops, or other means nevertheless hooked up to or within the land or improvements or fixtures completely hooked up towards the land or possibly a structure on Furthermore, it : an desire, benefit, appropriate, or privilege in these types of property

referred to as also immovable property — individual property : property of the wife or husband that is not Neighborhood property or marital property In particular : property acquired by a partner in advance of relationship or individually in the course of relationship (as by reward or often by inheritance) — tangible property : property which has a tangible and corporeal existence and intrinsic financial benefit because of it the insurance policies plan restricted property harm coverage to tangible property

These illustrations are programmatically compiled from numerous on the internet resources As an example recent use with the term 'property.' Any viewpoints expressed in the examples usually do not depict All those of Merriam-Webster or its editors. Mail us suggestions about these examples.

— marital property : property obtained by both wife or husband over the course of a marriage that's topic to division upon divorce

see also asset, estate, fascination feeling 1, possession feeling 1e — abandoned property : property to which the owner has relinquished all rights Be aware: When property is abandoned, the owner gives up the affordable expectation of privateness about it. The finder of deserted property is entitled to help keep it, plus a law enforcement officer may perhaps choose possession of abandoned property as proof without violating the assure towards unreasonable queries and seizures check here inside the Fourth Amendment towards the U.S. Constitution. — after-acquired property : property (as proceeds) that a debtor acquires once the commencement of the personal bankruptcy scenario and that is typically regarded as part of the bankruptcy estate : property obtained once the perfection of the lien or safety interest especially : these types of property obtained after the generation of the lien or protection curiosity which is topic to the lien or becomes collateral for the safety fascination : property transferred on the estate of a decedent following execution from the will — typical property : property owned or used by multiple occasion specially : property owned or leased by tenants in prevalent

possession in indivision at possession Notice: The states getting Group property guidelines are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property With this entry especially, in the civil regulation of Louisiana : tracts of land with their element components — intangible property : property (to be a inventory certificate or Experienced 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 exclusive high quality of the point or a category.

a : a top quality or trait belonging and particularly peculiar to a person or detail b : an result that an item has on Yet another item or within the senses c : advantage sense two d : an attribute typical to all users of a class

a : anything owned or possessed especially : a piece of real estate b : the exceptional right to have, appreciate, and eliminate a factor : possession c : some thing to which anyone or organization has a authorized title d : one (like a performer) that's below deal and whose work is particularly valuable e : a ebook or script procured for publication or creation

property indicates a characteristic that belongs into a thing's vital mother nature and will be applied to explain a type or species.

see also QTIP have faith in at belief Be aware: Underneath federal tax regulation the property should be included in the gross estate with the surviving spouse at their individual death, wherever it is topic to taxation.

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