The Greatest Guide To property

The Greatest Guide To property

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frequent property community property intellectual property individual property property injury property injury insurance policies property suitable property tax community property

Assess tenancy in frequent at tenancy — Neighborhood property : property held jointly by husband and wife particularly : property Specifically from employment acquired by possibly husband or wife immediately after marriage that is definitely deemed in states aquiring a Group property program to belong to both spouses as undivided one particular-half passions

of your corporation : property belonging to a certain individual — skilled terminable interest property : property passing to the surviving partner that qualifies with the marital deduction If your executor so elects supplying the husband or wife is entitled to acquire earnings in payments designed a minimum of every year for all times Which no-one has an influence to appoint any Element of the property to any person besides the surviving wife or husband

see also antenuptial agreement Note: In the majority of states, on divorce marital property is divided In keeping with exactly what the court docket determines is equitable. — movable property : property (as own property or crops) that may be moved — own property : property (as being a car or truck) that's movable but not which include crops or other resources 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 resources nevertheless connected to or throughout the land or improvements or fixtures completely connected to the land or possibly a composition on Additionally, it : an curiosity, gain, right, or privilege in this sort of property

termed also immovable property — separate property : property of a husband or wife that's not community property or marital property Specifically : property obtained by a wife or husband before marriage or separately during marriage (as by present or typically by inheritance) — tangible property : property that includes a tangible and corporeal existence and intrinsic financial value on account of it the coverage plan restricted property harm coverage to tangible property

These illustrations are programmatically compiled from several online sources For read more instance recent utilization of your term 'property.' Any opinions expressed within the examples usually do not depict Those people of Merriam-Webster or its editors. Send us opinions about these illustrations.

— marital property : property obtained by either partner in the course of the class of a marriage which is subject matter to division on divorce

see also asset, estate, interest feeling 1, possession feeling 1e — deserted property : property to which the operator has relinquished all rights Be aware: When property is abandoned, the proprietor offers up the fair expectation of privateness about it. The finder of abandoned property is entitled to help keep it, plus a law enforcement officer may take possession of deserted property as proof with no violating the ensure towards unreasonable searches and seizures in the Fourth Modification to your U.S. Structure. — soon after-acquired property : property (as proceeds) that a debtor acquires after the commencement of the individual bankruptcy scenario and that's normally deemed Section of the bankruptcy estate : property acquired following the perfection of a lien or security interest especially : these types of property obtained following the development of a lien or stability fascination that is certainly matter towards the lien or gets to be collateral for the security desire : property transferred to your estate of the decedent right after execution of the will — popular property : property owned or employed by multiple get together particularly : property owned or leased by tenants in typical

ownership in indivision at possession Observe: The states obtaining Local community property rules are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property On this entry particularly, in the civil regulation of Louisiana : tracts of land with their ingredient areas — intangible property : property (being a stock certification or Qualified license) that derives price not from its intrinsic Bodily nature but from what it signifies — intellectual property

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

a : a top quality or trait belonging and especially peculiar to somebody or issue b : an impact that an item has on One more object or over the senses c : advantage sense two d : an attribute widespread to all members of a category

a : some thing owned or possessed precisely : a piece of real estate b : the exclusive appropriate to possess, delight in, and get rid of a thing : possession c : some thing to which anyone or enterprise contains a authorized title d : 1 (for instance a performer) who is underneath contract and whose get the job done is particularly important e : a e-book or script procured for publication or creation

property indicates a characteristic that belongs to the point's critical character and could be utilised to explain a type or species.

see also QTIP belief at have confidence in Note: Underneath federal tax law the property have to be included in the gross estate on the surviving wife or husband at their individual death, wherever it's subject matter to taxation.