New Step by Step Map For property

New Step by Step Map For property

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frequent property community property mental property own property property problems property hurt insurance policies property appropriate property tax public property

compare tenancy in prevalent at tenancy — Neighborhood property : property held jointly by husband and spouse specially : property Specifically from employment obtained by both spouse just after relationship which is deemed in states using a community property procedure to belong to equally spouses as undivided a single-50 % passions

of the Company : property belonging to a specific person — skilled terminable curiosity property : property passing to some surviving spouse that qualifies for that marital deduction In case the executor so elects providing the spouse is entitled to acquire money in payments created at least on a yearly basis for life Which no person has a power to appoint any Component of the property to anyone aside from the surviving spouse

see also antenuptial settlement Be aware: For most states, upon divorce marital property is split Based on exactly what the court docket decides is equitable. — movable property : property (as individual property or crops) that could be moved — individual property : property (to be a automobile) that's movable although not including crops or other assets continue to connected to land : property in addition to real property a tax on the personal property

— real property : property consisting of land, properties, crops, or other resources nevertheless hooked up to or within the land or enhancements or fixtures forever connected to your land or perhaps a framework on it also : an curiosity, gain, right, or privilege in this sort of property

identified as also immovable property — separate property : property of a husband or wife that's not community property or marital property Particularly : property acquired by a wife or husband prior to relationship or separately throughout marriage (as by present or normally by inheritance) — tangible property : property that has a tangible and corporeal existence and intrinsic economic worth thanks to it the insurance coverage restricted property problems protection to tangible property

These illustrations are programmatically compiled from various on-line sources As an example present-day use of the word 'property.' Any thoughts expressed from the illustrations do not represent These of Merriam-Webster or its editors. Ship us opinions about these illustrations.

— marital property : property obtained by possibly spouse during the program of a marriage that's subject to division upon divorce

see also asset, estate, curiosity feeling one, possession perception 1e — deserted property : property to which the operator has relinquished all legal rights Note: When property is abandoned, the owner gives up the affordable expectation of privateness about it. The finder of deserted property is entitled to maintain it, in addition to a law enforcement officer may take possession of deserted property as proof without violating the warranty from unreasonable queries and seizures within the Fourth Amendment into the U.S. Structure. — soon after-acquired property : property (as proceeds) that a debtor acquires after the commencement of the individual bankruptcy scenario and that is usually thought of Element of the personal bankruptcy estate : property acquired after the perfection of a lien or stability desire In particular : these property obtained following the creation of the lien or stability fascination that is definitely matter for the lien or turns into collateral for the security interest : property transferred to the estate of the decedent just 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 possessing community property legal guidelines are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property Within this entry specifically, during the civil regulation of Louisiana : tracts of land with their element elements — intangible property : property (as being a inventory certificate or Skilled license) that derives value not from its intrinsic physical mother nature but from what it signifies — mental property

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

a : a quality or trait belonging and particularly peculiar to someone or issue b : an result that an object has on another item or website about the senses c : virtue sense two d : an attribute widespread to all associates of a category

a : a little something owned or possessed exclusively : a piece of real estate b : the exclusive ideal to have, take pleasure in, and dispose of a matter : ownership c : something to which anyone or small business includes a legal title d : a person (for instance a performer) who's under agreement and whose function is very worthwhile e : a guide or script procured for publication or creation

property implies a attribute that belongs to a issue's important mother nature and will be made use of to explain a sort or species.

see also QTIP rely on at believe in Observe: Below federal tax regulation the property has to be A part of the gross estate in the surviving wife or husband at their have Loss of life, wherever it is topic to taxation.