The best Side of property

The best Side of property

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typical property Group property mental property personalized property property injury property harm insurance policy property correct property tax general public property

Assess tenancy in frequent at tenancy — Group property : property held jointly by spouse and spouse particularly : property In particular from employment acquired by either wife or husband immediately after relationship which is deemed in states aquiring a Local community property system to belong to both equally spouses as undivided a single-half passions

of your corporation : property belonging to a particular human being — experienced terminable desire property : property passing into a surviving wife or husband that qualifies to the marital deduction When the executor so elects giving that the husband or wife is entitled to acquire revenue in payments built at the least on a yearly basis for life Which nobody has an influence to appoint any part of the property to any person in addition to the surviving partner

see also antenuptial settlement Be aware: For most states, upon divorce marital property is divided In line with what the courtroom establishes is equitable. — movable property : property (as individual property or crops) which can be moved — personal property : property (for a car) that is certainly movable but not which include crops or other sources however hooked up to land : property apart from real property a tax on the personal property

— real property : property consisting of land, structures, crops, or other resources nonetheless attached to or inside the land or enhancements or fixtures completely hooked up into the land or perhaps a framework on In addition it : an desire, gain, right, or privilege in these kinds of property

named also immovable property — different property : property of a partner that isn't Local community property or marital property In particular : property obtained by a partner in advance of relationship or separately during marriage (as by reward or often by inheritance) — tangible property : property which has a tangible and corporeal existence and intrinsic financial worth as a consequence of it the insurance coverage coverage limited property destruction coverage to tangible property

These examples are programmatically compiled from different on line sources For instance existing utilization on the term 'property.' Any viewpoints expressed while in the illustrations do not signify Individuals of Merriam-Webster or here its editors. Ship us responses about these illustrations.

— marital property : property obtained by possibly spouse throughout the system of the relationship that is definitely issue to division on divorce

see also asset, estate, desire perception 1, possession sense 1e — abandoned property : property to which the owner has relinquished all rights Note: When property is abandoned, the owner gives up the affordable expectation of privacy concerning it. The finder of abandoned property is entitled to keep it, along with a police officer might consider possession of abandoned property as proof without violating the guarantee against unreasonable lookups and seizures during the Fourth Modification to the U.S. Constitution. — after-acquired property : property (as proceeds) that a debtor acquires once the commencement of the individual bankruptcy circumstance and that's commonly viewed as Component of the personal bankruptcy estate : property acquired after the perfection of the lien or stability interest Particularly : such property acquired once the generation of the lien or security desire that is certainly matter for the lien or gets to be collateral for the security desire : property transferred to your estate of the decedent after execution of your will — prevalent property : property owned or utilized by more than one party specifically : property owned or leased by tenants in popular

possession in indivision at ownership Be aware: The states having Group property legislation are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property In this particular entry especially, within the civil regulation of Louisiana : tracts of land with their part elements — intangible property : property (as being a inventory certification or Specialist license) that derives worth 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 someone or factor b : an outcome that an object has on another item or around 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 special appropriate to possess, take pleasure in, and get rid of a factor : possession c : some thing to which anyone or organization features a lawful title d : 1 (for instance a performer) who's less than agreement and whose do the job is particularly important e : a ebook or script purchased for publication or generation

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

see also QTIP have faith in at believe in Take note: Below federal tax law the property need to be included in the gross estate with the surviving spouse at her or his own Loss of life, where by it's subject matter to taxation.