Not known Details About property
Not known Details About property
Blog Article
popular property Local community property intellectual property individual property property damage property destruction insurance property ideal property tax community property
Evaluate tenancy in popular at tenancy — Local community property : property held jointly by husband and spouse exclusively : property Primarily from work acquired by possibly partner after relationship that's considered in states possessing a community property technique to belong to each spouses as undivided a person-50 percent interests
with the corporation : property belonging to a selected particular person — capable terminable curiosity property : property passing to the surviving partner that qualifies for that marital deduction When the executor so elects furnishing the spouse is entitled to get income in payments manufactured a minimum of on a yearly basis for life Which no-one has an influence to appoint any Portion of the property to anyone apart from the surviving wife or husband
see also antenuptial arrangement Take note: In many states, on divorce marital property is divided In line with what the courtroom determines is equitable. — movable property : property (as personalized property or crops) that can be moved — personalized property : property (as a motor vehicle) that is movable but not which include crops or other sources however attached to land : property apart from real property a tax on the non-public property
— real property : property consisting of land, buildings, crops, or other methods still connected to or throughout the land or improvements or fixtures completely hooked up to the land or possibly a structure on In addition, it : an desire, 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 spouse ahead of relationship or independently through marriage (as by reward or usually by inheritance) — tangible property : property that includes a tangible and corporeal existence and intrinsic financial value as a result of it the insurance plan plan limited property harm coverage to tangible property
These illustrations are programmatically compiled from many online sources As an example present-day usage on the term 'property.' Any viewpoints expressed within the examples do not represent All those of Merriam-Webster or its editors. Ship us opinions about these examples.
— marital property : property acquired by possibly spouse throughout the system of the relationship that may be subject to division upon divorce
see also asset, estate, curiosity feeling 1, possession feeling 1e — abandoned property : property to which the owner has relinquished all rights Be aware: When property is abandoned, the proprietor provides up the realistic expectation of privateness about it. The finder of deserted property is entitled to maintain it, in addition to a police officer may consider possession of abandoned property as proof devoid of violating the assurance from unreasonable queries and seizures within the Fourth Modification for the U.S. Structure. — soon after-acquired property : property (as proceeds) that a debtor acquires once the commencement of the personal bankruptcy situation and that's commonly regarded part of the individual bankruptcy estate : property acquired after the perfection of the lien or safety desire Specially : such get more info property obtained following the generation of the lien or security fascination which is issue to your lien or gets collateral for the security interest : property transferred into the estate of the decedent soon after execution from the will — common property : property owned or utilized by more than one occasion especially : property owned or leased by tenants in common
possession in indivision at ownership Observe: The states getting Local community property legal guidelines are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property in this entry precisely, inside the civil regulation of Louisiana : tracts of land with their element parts — intangible property : property (being a inventory certification or professional license) that derives benefit not from its intrinsic Bodily mother nature but from what it represents — mental property
of not conducting heat character relates to a peculiar and distinctive high-quality of a thing or a category.
a : a high quality or trait belonging and particularly peculiar to someone or factor b : an outcome that an item has on Yet another item or about the senses c : virtue perception two d : an attribute common to all customers of a class
a : something owned or possessed exclusively : a bit of real estate b : the distinctive right to have, enjoy, and get rid of a thing : possession c : something to which someone or business provides a legal title d : just one (such as a performer) that is under agreement and whose work is especially precious e : a e-book or script ordered for publication or manufacturing
property indicates a attribute that belongs to some thing's crucial mother nature and will be applied to describe a kind or species.
see also QTIP trust at have confidence in Take note: Beneath federal tax regulation the property should be A part of the gross estate of the surviving partner at his / her very own Dying, exactly where it can be subject to taxation.