The best Side of property

The best Side of property

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prevalent property community property intellectual property own property property injury property destruction coverage property appropriate property tax general public property

Evaluate tenancy in prevalent at tenancy — community property : property held jointly by spouse and spouse especially : property especially from work acquired by both wife or husband soon after relationship that's considered in states aquiring a Group property program to belong to both equally spouses as undivided one-50 percent interests

with the corporation : property belonging to a certain individual — skilled terminable interest property : property passing to your surviving spouse that qualifies for that marital deduction When the executor so elects giving that the husband or wife is entitled to receive cash flow in payments manufactured at least every year for all times Which no person has an influence to appoint any part of the property to any person in addition to the surviving partner

see also antenuptial arrangement Note: In many states, on divorce marital property is divided In keeping with what the courtroom establishes is equitable. — movable property : property (as personal property or crops) that can be moved — private property : property (for a vehicle) which is movable but not which include crops or other resources nevertheless connected to land : property besides real property a tax on the non-public property

— real property : property consisting of land, properties, crops, or other resources nevertheless connected to or in the land or enhancements or fixtures completely connected into the land or a structure on Furthermore, it : an desire, benefit, proper, or privilege in these property

termed also immovable property — separate property : property of a partner that isn't Group property or marital property Primarily : property acquired by a spouse before marriage or independently in the course of marriage (as by present or generally by inheritance) — tangible property : property that features a tangible and corporeal existence and intrinsic financial worth as a result of it the insurance policies coverage restricted property hurt coverage to tangible property

These examples are programmatically compiled from different on line resources As an instance current usage of the term 'property.' Any viewpoints expressed during the illustrations tend not to characterize All those of Merriam-Webster or its editors. Send out us opinions about these illustrations.

— marital property : property obtained by both partner through the training course of a relationship that's matter to division on divorce

see also asset, estate, desire perception one, possession feeling 1e — abandoned property : property to which the operator has relinquished all legal rights Notice: When property is abandoned, the owner presents up the fair expectation of privacy regarding it. The finder of abandoned property is entitled to help keep it, plus a police officer may choose possession of abandoned property as evidence with no violating the assurance from unreasonable queries and get more info seizures while in the Fourth Amendment towards the U.S. Structure. — immediately after-acquired property : property (as proceeds) that a debtor acquires after the commencement of the individual bankruptcy circumstance and that's generally considered Element of the individual bankruptcy estate : property acquired after the perfection of the lien or protection fascination Specifically : this kind of property obtained once the creation of the lien or protection curiosity that's issue to your lien or gets collateral for the security fascination : property transferred for the estate of the decedent soon after execution from the will — popular property : property owned or utilized by more than one party specifically : property owned or leased by tenants in prevalent

ownership in indivision at possession Notice: The states having Local community property laws are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property During this entry exclusively, within the civil regulation of Louisiana : tracts of land with their element parts — intangible property : property (for a stock certification or Skilled license) that derives benefit not from its intrinsic physical character but from what it represents — mental property

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

a : a high quality or trait belonging and particularly peculiar to a person or thing b : an influence that an object has on A different object or over the senses c : virtue perception 2 d : an attribute prevalent to all members of a category

a : one thing owned or possessed precisely : a piece of real estate b : the special proper to possess, appreciate, and dispose of a thing : possession c : something to which somebody or company provides a legal title d : just one (such as a performer) who's less than contract and whose operate is especially worthwhile e : a book or script acquired for publication or generation

property implies a attribute that belongs to a issue's vital mother nature and may be applied to explain a type or species.

see also QTIP rely on at trust Notice: Less than federal tax law the property have to be A part of the gross estate from the surviving husband or wife at his / her personal Loss of life, wherever it's matter to taxation.