property - An Overview

property - An Overview

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widespread property community property mental property personalized property property harm property problems insurance plan property correct property tax general public property

Assess tenancy in typical at tenancy — Local community property : property held jointly by husband and spouse especially : property Particularly from employment obtained by both partner just after relationship that is certainly considered in states getting a community property process to belong to the two spouses as undivided a person-fifty percent pursuits

on the Company : property belonging to a specific human being — experienced terminable interest property : property passing into a surviving spouse that qualifies to the marital deduction if the executor so elects delivering that the husband or wife is entitled to receive cash flow in payments built at the least annually for all times Which no-one has an influence to appoint any Portion of the property to anyone apart from the surviving husband or wife

see also antenuptial agreement Observe: In most states, on divorce marital property is divided In accordance with just what the court establishes is equitable. — movable property : property (as personalized property or crops) that can be moved — own property : property (as a motor vehicle) that is definitely movable but not which include crops or other sources however attached to land : property aside from real property a tax on the non-public property

— real property : property consisting of land, structures, crops, or other methods nonetheless connected to or throughout the land or improvements or fixtures completely hooked up towards the land or maybe a structure on In addition, it : an fascination, 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 Particularly : property acquired by a husband or wife before marriage or separately during marriage (as by reward or normally by inheritance) — tangible property : property which has a tangible and corporeal existence and intrinsic financial benefit because of it the insurance policy plan limited property harm protection to tangible property

These illustrations are programmatically compiled from various online sources For instance current usage of your word 'property.' Any viewpoints expressed in the examples do not stand for Those people of Merriam-Webster or its editors. Send us opinions about these illustrations.

— marital property : property acquired by both wife or husband throughout the system of a relationship that is definitely subject to division upon divorce

see also asset, estate, fascination perception one, possession sense 1e — abandoned property : property to which the proprietor has relinquished all legal rights Take note: When property is abandoned, the owner provides up the realistic expectation of privateness relating to it. The finder of abandoned property is entitled to keep it, plus a law enforcement officer may perhaps consider possession of abandoned property as evidence devoid of violating the warranty against unreasonable searches and seizures inside the Fourth Amendment on the U.S. Structure. — just after-obtained property : property (as proceeds) that a debtor acquires after the commencement of a personal bankruptcy situation and that's usually viewed as Section of the bankruptcy estate : property acquired once the perfection of the lien or safety interest Specifically : these kinds of property obtained once the generation of the lien or stability interest that is topic for the lien or gets collateral for the safety fascination : property transferred to your estate of the decedent just after execution of your will — common property : property owned or used by more than one celebration particularly : property owned or leased by tenants in typical

possession in indivision at possession Note: The states having community property regulations are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property Within this entry especially, inside the civil legislation of Louisiana : tracts of land with their element elements — intangible property : property (like a stock certificate or Skilled license) that derives worth not from its intrinsic Bodily nature but from what it represents — intellectual property

of not conducting heat character applies to a peculiar and unique quality of the factor or a class.

a : a high quality or trait belonging and especially peculiar to an individual or thing b : an effect that an object has on another item or over the senses c : advantage perception two d : an attribute prevalent to all customers of a category

a : anything owned or possessed exclusively : a piece of real estate b here : the distinctive proper to possess, appreciate, and dispose of a thing : possession c : a little something to which somebody or small business provides a authorized title d : a single (like a performer) who's under contract and whose do the job is very precious e : a ebook or script acquired for publication or manufacturing

property implies a characteristic that belongs to the detail's necessary mother nature and should be employed to describe a type or species.

see also QTIP belief at rely on Be aware: Below federal tax law the property needs to be A part of the gross estate on the surviving partner at his or her own Dying, wherever it truly is subject matter to taxation.