Not known Facts About property

Not known Facts About property

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widespread property Neighborhood property intellectual property personal property property problems property harm insurance policy property correct property tax general public property

Assess tenancy in frequent at tenancy — community property : property held jointly by spouse and wife specially : property Specially from employment obtained by either husband or wife right after relationship which is considered in states having a Local community property procedure to belong to each spouses as undivided a single-50 percent pursuits

of your corporation : property belonging to a specific particular person — capable terminable curiosity property : property passing to your surviving partner that qualifies for that marital deduction When the executor so elects offering that the wife or husband is entitled to obtain profits in payments produced no less than yearly for all times Which no-one has an influence to appoint any A part of the property to anyone other than the surviving partner

see also antenuptial settlement Be aware: In the majority of states, upon divorce marital property is divided In keeping with exactly what the court docket establishes is equitable. — movable property : property (as private property or crops) which might be moved — private property : property (as a automobile) that is certainly movable although not such as crops or other methods still connected to land : property in addition to real property a tax on the personal property

— real property : property consisting of land, structures, crops, or other means still attached to or within the land or enhancements or fixtures completely connected into the land or a construction on Furthermore, it : an desire, benefit, correct, or privilege in these kinds of property

referred to as also immovable property — different property : property of a husband or wife that's not community property or marital property Particularly : property acquired by a partner before marriage or separately all through relationship (as by gift or usually by inheritance) — tangible property : property which has a tangible and corporeal existence and intrinsic financial price thanks to it the insurance policy plan limited property problems protection to tangible property

These illustrations are programmatically compiled from many online resources For instance recent use with the term 'property.' Any viewpoints expressed during the illustrations tend not to represent These of Merriam-Webster or its editors. Ship us feed-back about these examples.

— marital property : property acquired by possibly wife or husband in the course of the relationship that may be subject to division upon divorce

see also asset, estate, interest sense 1, possession perception 1e — abandoned property : property to which the operator has relinquished all legal rights Note: When property is abandoned, the proprietor offers up the realistic expectation of privacy regarding it. The finder of abandoned property is entitled to keep it, and a police officer may possibly acquire possession of deserted property as proof without violating the promise from unreasonable lookups and seizures within the Fourth Modification to the U.S. Constitution. — after-acquired property : property (as proceeds) that a debtor acquires following the commencement of the individual bankruptcy circumstance and that's usually regarded as Section of the individual bankruptcy estate : property obtained following the perfection of a lien or safety interest Primarily : these types of property acquired after the creation of the lien or safety interest that is definitely subject to the lien or becomes collateral for the safety curiosity : property transferred for the estate of a decedent following execution of the will — prevalent property : property owned or utilized by more than one bash especially : property owned or leased by tenants in common

possession in indivision at ownership Be aware: The states owning Local check here community property regulations are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property In this particular entry especially, inside the civil law of Louisiana : tracts of land with their ingredient sections — intangible property : property (being a stock certification or Specialist license) that derives value not from its intrinsic Actual physical character but from what it represents — mental property

of not conducting warmth character applies to a peculiar and distinct good quality of a matter or a class.

a : an excellent or trait belonging and especially peculiar to an individual or matter b : an result that an item has on A different object or about the senses c : virtue feeling 2 d : an attribute prevalent to all users of a category

a : some thing owned or possessed precisely : a piece of real estate b : the special proper to have, get pleasure from, and eliminate a issue : possession c : anything to which a person or small business features a authorized title d : one (like a performer) who is beneath contract and whose get the job done is especially important e : a guide or script procured for publication or creation

property indicates a characteristic that belongs to your factor's critical nature and could be utilized to explain a type or species.

see also QTIP have faith in at trust Notice: Less than federal tax legislation the property need to be included in the gross estate with the surviving spouse at their individual death, the place it is actually matter to taxation.