The Single Best Strategy To Use For property

The Single Best Strategy To Use For property

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typical property Group property intellectual property individual property property damage property injury coverage property appropriate property tax general public property

Assess tenancy in common at tenancy — Local community property : property held jointly by partner and wife specifically : property In particular from employment acquired by both partner after relationship which is deemed in states having a community property method to belong to equally spouses as undivided 1-50 % interests

with the corporation : property belonging to a certain individual — capable terminable interest property : property passing to your surviving partner that qualifies to the marital deduction In the event the executor so elects supplying that the partner is entitled to acquire cash flow in payments made no less than annually for life and that no person has an influence to appoint any Portion 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 decides is equitable. — movable property : property (as own property or crops) that may be moved — own property : property (like a vehicle) that's movable although not which includes crops or other resources even now attached to land : property besides real property a tax on the personal property

— real property : property consisting of land, properties, crops, or other assets continue to attached to or in the land or advancements or fixtures permanently connected to the land or maybe a structure on What's more, it : an desire, advantage, suitable, or privilege in this sort of property

termed also immovable property — independent property : property of the spouse that isn't Local community property or marital property especially : property acquired by a partner just before marriage or individually in the course of relationship (as by gift or generally by inheritance) — tangible property : property that has a tangible and corporeal existence and intrinsic financial price as a result of it the insurance policies plan limited property problems protection to tangible property

These examples are programmatically compiled from numerous on the web resources to illustrate existing use with the term 'property.' Any opinions expressed inside the illustrations will not represent Individuals of Merriam-Webster or its editors. Send out us feed-back about these illustrations.

— marital property : property acquired by both partner over the course of a marriage that is subject to division upon divorce

see also asset, estate, desire perception one, possession perception 1e — abandoned property : property to which the owner has relinquished all rights Notice: When property is deserted, the proprietor gives up the reasonable expectation of privacy regarding it. The finder of abandoned property is entitled to help keep it, plus a police officer might get possession of abandoned property as evidence with no violating the assurance versus unreasonable lookups and seizures in the Fourth more info Modification to your U.S. Constitution. — soon after-obtained property : property (as proceeds) that a debtor acquires following the commencement of a bankruptcy circumstance and that's normally deemed Portion of the bankruptcy estate : property obtained following the perfection of a lien or security desire Primarily : these property obtained after the creation of the lien or safety interest that may be issue to your lien or turns into collateral for the security desire : property transferred on the estate of a decedent just after execution on the will — frequent property : property owned or used by multiple celebration specifically : property owned or leased by tenants in popular

possession in indivision at ownership Take note: The states obtaining Neighborhood property laws are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property With this entry exclusively, inside the civil regulation of Louisiana : tracts of land with their element pieces — intangible property : property (being a stock certification or Skilled license) that derives value not from its intrinsic Actual physical nature but from what it signifies — intellectual property

of not conducting heat character relates to a peculiar and unique quality of the point or a class.

a : a quality or trait belonging and particularly peculiar to a person or thing b : an influence that an object has on A further object or on the senses c : advantage sense two d : an attribute frequent to all users of a class

a : some thing owned or possessed precisely : a piece of real estate b : the exclusive suitable to possess, love, and get rid of a thing : possession c : some thing to which anyone or enterprise has a authorized title d : a person (like a performer) that is below deal and whose function is particularly beneficial e : a ebook or script bought for publication or generation

property implies a characteristic that belongs to your thing's vital mother nature and may be applied to describe a kind or species.

see also QTIP belief at have confidence in Take note: Beneath federal tax regulation the property has to be A part of the gross estate from the surviving wife or husband at his or her very own Dying, where it really is subject matter to taxation.