Not known Facts About property

widespread property Group property intellectual property own property property harm 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 Particularly from work acquired by possibly partner after relationship that is considered in states having a Local community property method to belong to both of those spouses as undivided a single-50 % passions

of your corporation : property belonging to a selected particular person — capable terminable curiosity property : property passing to a surviving husband or wife that qualifies for the marital deduction In case the executor so elects providing the spouse is entitled to get money in payments designed a minimum of yearly for all times Which not a soul has a power to appoint any Element of the property to any person besides the surviving wife or husband

see also antenuptial arrangement Take note: In many states, upon divorce marital property is split Based on just what the court decides is equitable. — movable property : property (as personal property or crops) which can be moved — own property : property (like a vehicle) that's movable although not which includes crops or other means nevertheless hooked up to land : property aside from real property a tax on the non-public property

— real property : property consisting of land, structures, crops, or other resources even now hooked up to or inside the land or advancements or fixtures forever attached to your land or even a framework on Additionally, it : an fascination, benefit, appropriate, or privilege in such property

named also immovable property — different property : property of a partner that isn't Group property or marital property Specifically : property obtained by a wife or husband prior to relationship or separately in the course of relationship (as by reward or frequently by inheritance) — tangible property : property that features a tangible and corporeal existence and intrinsic financial benefit due to it the insurance plan plan restricted property harm protection to tangible property

These illustrations are programmatically compiled from many on-line sources As an instance present-day usage in the phrase 'property.' Any viewpoints expressed in the examples tend not to characterize those of Merriam-Webster or its editors. Deliver us opinions about these illustrations.

— marital property : property obtained by either spouse through the study course of the relationship that may be subject to division upon divorce

see also asset, estate, curiosity feeling one, possession perception 1e — deserted property : property to which the operator has relinquished all legal rights Note: When property is abandoned, the proprietor offers up the acceptable expectation of privateness about it. The finder of deserted property is entitled to keep it, along with a police officer might get possession of abandoned property as evidence without having violating the promise from unreasonable lookups and seizures during the Fourth Modification into the U.S. Constitution. — after-acquired property : property (as proceeds) that a debtor acquires after the commencement of the individual bankruptcy circumstance and that's ordinarily thought of part of the bankruptcy estate : property acquired once the perfection of the lien or protection curiosity Specially : these kinds of property obtained following the development of a lien or safety interest that's topic towards the lien or becomes collateral for the safety fascination : property transferred to your estate of the decedent soon after execution on the will — frequent property : property owned or used by more than one party precisely : property owned or leased by tenants in common

possession in indivision at possession Notice: The states getting community property guidelines are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property During this entry specially, while in property management award the civil legislation of Louisiana : tracts of land with their component parts — intangible property : property (to be a inventory certificate or Expert license) that derives benefit not from its intrinsic Actual physical character but from what it represents — mental property

of not conducting warmth character applies to a peculiar and distinctive quality of the issue or a class.

a : a quality or trait belonging and particularly peculiar to someone or point b : an effect that an item has on Yet another object or over the senses c : advantage sense two d : an attribute widespread to all members of a category

a : anything owned or possessed especially : a bit of real estate b : the exceptional proper to have, delight in, and dispose of a thing : possession c : some thing to which anyone or small business includes a lawful title d : one particular (such as a performer) that's beneath deal and whose perform is especially precious e : a e-book or script procured for publication or generation

property implies a attribute that belongs into a detail's vital nature and should be used to explain a type or species.

see also QTIP have faith in at believe in Observe: Below federal tax regulation the property should be A part of the gross estate from the surviving husband or wife at his or her possess death, the place it's subject matter to taxation.

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