The Single Best Strategy To Use For property

The Single Best Strategy To Use For property

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typical property Local community property intellectual property own property property injury property damage insurance property appropriate property tax public property

Evaluate tenancy in popular at tenancy — Local community property : property held jointly by husband and spouse particularly : property Primarily from work acquired by possibly husband or wife after marriage that may be considered in states getting a Group property system to belong to equally spouses as undivided one-50 percent interests

of your Company : property belonging to a selected particular person — capable terminable curiosity property : property passing to your surviving spouse that qualifies to the marital deduction Should the executor so elects supplying which the partner is entitled to receive cash flow in payments made at least on a yearly basis for life and that no person has a power to appoint any Component of the property to any person aside from the surviving husband or wife

see also antenuptial settlement Note: In many states, upon divorce marital property is divided according to exactly what the court docket determines is equitable. — movable property : property (as particular property or crops) that may be moved — personalized property : property (as a motor vehicle) that is movable but not which include crops or other sources even now attached to land : property apart from real property a tax on the non-public property

— real property : property consisting of land, structures, crops, or other resources even now hooked up to or inside the land or enhancements or fixtures forever connected to the land or perhaps a construction on Additionally, it : an curiosity, reward, appropriate, or privilege in these property

identified as also immovable property — individual property : property of the wife or husband that is not Group property or marital property especially : property acquired by a partner ahead of marriage or separately throughout marriage (as by present or generally by inheritance) — tangible property : property which has a tangible and corporeal existence and intrinsic financial value as a result of it the insurance policy coverage limited property problems protection to tangible property

These examples are programmatically compiled from different on the web sources For instance existing usage from the phrase 'property.' Any viewpoints expressed within the examples will not stand for These of Merriam-Webster or its editors. Ship us responses about these illustrations.

— marital property : property obtained by both husband or wife in the course of the training course of a marriage which is topic to division upon divorce

see also asset, estate, interest sense one, possession perception 1e — deserted property : property to which the proprietor has relinquished all legal rights Be aware: When property is abandoned, the proprietor offers up the fair expectation of privacy regarding it. The finder of abandoned property is entitled to maintain it, as well as a police officer may possibly get possession of abandoned property as evidence without violating the guarantee towards unreasonable queries and seizures from the Fourth Modification to the U.S. Constitution. — right after-obtained property : property (as proceeds) that a debtor acquires once the commencement of the individual bankruptcy case and that is normally regarded A part of the personal bankruptcy estate : property obtained following the perfection of the lien or stability desire In particular : these types real estate agent of property acquired after the creation of a lien or protection fascination 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 occasion precisely : property owned or leased by tenants in common

ownership in indivision at ownership Be aware: The states getting Neighborhood property legal guidelines are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property In this particular entry especially, while in the civil legislation of Louisiana : tracts of land with their part areas — intangible property : property (being a inventory certification or Qualified 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 distinctive quality of a thing or a class.

a : a quality or trait belonging and especially peculiar to somebody or point b : an influence that an item has on One more item or within the senses c : advantage sense 2 d : an attribute common to all members of a class

a : something owned or possessed specifically : a piece of real estate b : the exclusive right to have, love, and eliminate a detail : possession c : a thing to which an individual or enterprise includes a authorized title d : 1 (such as a performer) who is less than deal and whose get the job done is particularly worthwhile e : a e-book or script bought for publication or manufacturing

property implies a attribute that belongs to the matter's vital character and will be utilized to explain a sort or species.

see also QTIP have confidence in at have confidence in Be aware: Under federal tax regulation the property need to be A part of the gross estate in the surviving spouse at his or her have Demise, the place it's subject to taxation.