The best Side of property

The best Side of property

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frequent property Group property mental property individual property property damage property hurt insurance policy property right property tax general public property

Evaluate tenancy in popular at tenancy — Neighborhood property : property held jointly by partner and spouse specifically : property In particular from employment obtained by either wife or husband soon after marriage that is certainly deemed in states using a community property process to belong to the two spouses as undivided a person-50 % passions

of the Company : property belonging to a selected man or woman — certified terminable fascination property : property passing to some surviving husband or wife that qualifies for the marital deduction If your executor so elects supplying which the spouse is entitled to get earnings in payments designed a minimum of per year for life Which no one has a power to appoint any Element of the property to any person in addition to the surviving partner

see also antenuptial settlement Be aware: In the majority of states, upon divorce marital property is divided according to exactly what the court docket determines is equitable. — movable property : property (as personalized property or crops) that can be moved — personalized property : property (to be a automobile) that is definitely movable but not like 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 sources however attached to or inside the land or improvements or fixtures completely hooked up towards the land or possibly a structure on In addition, it : an desire, benefit, appropriate, or privilege in these types of property

known as also immovable property — individual property : property of the spouse that isn't Group property or marital property especially : property acquired by a husband or wife before marriage or independently all through marriage (as by present or generally by inheritance) — tangible property : property that has a tangible and corporeal existence and intrinsic economic price thanks to it the insurance coverage limited property destruction coverage to tangible property

These examples are programmatically compiled from a variety of on line sources As an example latest use from the phrase 'property.' Any views expressed during the examples don't depict All those of Merriam-Webster or its editors. Mail us suggestions about these examples.

— marital property : property obtained by possibly spouse throughout the training course of the relationship that may be subject matter to division on divorce

see also asset, estate, desire sense 1, possession feeling 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 abandoned property is entitled to keep it, as well as a law enforcement officer may well choose possession of deserted property as evidence with out violating the ensure from unreasonable lookups and seizures during the Fourth Amendment towards the U.S. Constitution. — right after-obtained property : property (as proceeds) that a debtor acquires once the commencement of the individual bankruptcy case and that is generally deemed Portion of the personal bankruptcy estate : property obtained once the perfection of the lien or stability desire especially : this kind of property acquired after the development of a lien or safety curiosity that is certainly subject matter into the lien or results in being collateral for the safety interest : property transferred to the estate of a decedent after execution from the will — frequent property : property owned or utilized by more than one get together exclusively : property owned or leased by tenants in popular

possession in indivision at possession Take note: The states owning Group property laws are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property in this entry specifically, within the civil law of Louisiana : tracts of land with their component parts — intangible property : property (being a stock certification or Expert license) that derives benefit not from its intrinsic physical character but from what it represents — mental property

of not conducting warmth character applies to a peculiar and distinct good quality of a thing or a category.

a : a high quality or trait belonging and particularly peculiar to a person or detail b : an result that an item has on One more item or within the senses c : advantage sense 2 d : an attribute popular to all associates of a category

a : some thing owned or possessed precisely : a piece of real estate b : the special proper to have, enjoy, and get rid of a point : possession c : one thing to which somebody or enterprise contains a legal title d : just one (such as a performer) that is under agreement and whose work is particularly valuable e : a e book or script bought for publication or generation

property implies a here attribute that belongs to a point's critical character and may be utilised to explain a kind or species.

see also QTIP belief at have confidence in Take note: Below federal tax regulation the property should be A part of the gross estate of the surviving partner at his / her personal Demise, where it truly is issue to taxation.