New Step by Step Map For property

New Step by Step Map For property

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widespread property community property intellectual property individual property property hurt property destruction insurance property ideal property tax general public property

Assess tenancy in prevalent at tenancy — Local community property : property held jointly by spouse and wife specifically : property especially from work obtained by either wife or husband just after relationship which is deemed in states aquiring a Local community property program to belong to each spouses as undivided a person-50 percent interests

in the corporation : property belonging to a selected human being — experienced terminable fascination property : property passing to some surviving partner that qualifies to the marital deduction When the executor so elects providing which the partner is entitled to receive money in payments manufactured at the least annually for all times Which no-one has a power to appoint any Component of the property to any person apart from the surviving partner

see also antenuptial agreement Observe: In most states, on divorce marital property is divided As outlined by what the court docket decides is equitable. — movable property : property (as own property or crops) which can be moved — personal property : property (being a car) that may be movable but not which include crops or other sources however attached to land : property besides real property a tax on the personal property

— real property : property consisting of land, structures, crops, or other resources even now attached to or in the land or advancements or fixtures completely hooked up for the land or a construction on it also : an fascination, profit, appropriate, or privilege in this kind of property

identified as also immovable property — independent property : property of the wife or husband that is not Local community property or marital property Primarily : property acquired by a husband or wife prior to marriage or separately during marriage (as by present or often by inheritance) — tangible property : property which has a tangible and corporeal existence and intrinsic financial benefit due to it the insurance policies plan restricted property hurt protection to tangible property

These illustrations are programmatically compiled from numerous on the internet resources For example current usage on the term 'property.' Any viewpoints expressed in the examples don't symbolize People of Merriam-Webster or its editors. Send out us feed-back about these examples.

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

see also asset, estate, desire perception one, possession perception 1e — get more info deserted property : property to which the operator has relinquished all legal rights Note: When property is deserted, the operator presents up the reasonable expectation of privacy concerning it. The finder of abandoned property is entitled to keep it, and a police officer may consider possession of abandoned property as evidence with out violating the assure versus unreasonable lookups and seizures during the Fourth Modification into the U.S. Structure. — immediately after-obtained property : property (as proceeds) that a debtor acquires following the commencement of the personal bankruptcy situation and that is typically deemed A part of the bankruptcy estate : property acquired once the perfection of a lien or safety interest especially : these property acquired after the generation of a lien or security interest that may be issue on the lien or turns into collateral for the security interest : property transferred towards the estate of a decedent following execution of the will — common property : property owned or employed by more than one celebration specifically : property owned or leased by tenants in typical

ownership in indivision at possession Notice: The states getting Group property legislation are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property In this particular entry particularly, during the civil legislation of Louisiana : tracts of land with their element pieces — intangible property : property (for a stock certification or Qualified license) that derives worth not from its intrinsic Actual physical nature but from what it represents — intellectual property

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

a : a top quality or trait belonging and especially peculiar to somebody or issue b : an effect that an item has on Yet another item or around the senses c : advantage sense two d : an attribute popular to all customers of a class

a : a thing owned or possessed specifically : a bit of real estate b : the exclusive suitable to possess, love, and get rid of a thing : possession c : a thing to which an individual or business enterprise incorporates a authorized title d : a single (for instance a performer) who's less than contract and whose get the job done is especially precious e : a guide or script acquired for publication or production

property implies a attribute that belongs to your factor's necessary nature and should be used to describe a kind or species.

see also QTIP trust at have faith in Take note: Below federal tax legislation the property needs to be included in the gross estate on the surviving wife or husband at his or her possess Dying, in which it can be topic to taxation.