The best Side of property

The best Side of property

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widespread property Local community property intellectual property personal property property destruction property destruction insurance policy property correct property tax community property

Look at tenancy in popular at tenancy — Group property : property held jointly by partner and wife especially : property Particularly from work acquired by either spouse just after relationship that is certainly deemed in states aquiring a Local community property program to belong to both spouses as undivided a single-half interests

of the Company : property belonging to a specific particular person — qualified terminable curiosity property : property passing into a surviving partner that qualifies for your marital deduction if the executor so elects giving the wife or husband is entitled to get earnings in payments built no less than each year for all times and that no one has an influence to appoint any A part of the property to anyone in addition to the surviving partner

see also antenuptial agreement Observe: In most states, on divorce marital property is split Based on just what the court determines is equitable. — movable property : property (as particular property or crops) that may be moved — own property : property (being a automobile) that may be movable but not together with crops or other assets even now connected to land : property besides real property a tax on the personal property

— real property : property consisting of land, properties, crops, or other sources however attached to or within the land or enhancements or fixtures forever attached on the land or a framework on Additionally, it : an desire, advantage, appropriate, or privilege in these kinds of property

called also immovable property — independent property : property of the spouse that is not Group property or marital property Specifically : property obtained by a wife or husband just before relationship or separately in the course of relationship (as by gift or generally by inheritance) — tangible property : property that includes a tangible and corporeal existence and intrinsic economic worth as a consequence of it the insurance policy limited property destruction coverage to tangible property

These examples are programmatically compiled from different on the net resources to illustrate present utilization on the term 'property.' Any opinions expressed inside the illustrations never represent These of Merriam-Webster or its editors. Ship us responses about these illustrations.

— marital property : property obtained by possibly wife or husband during the program of a marriage which is matter to division on divorce

see also asset, estate, fascination perception one, possession perception 1e — abandoned property : property to which the owner has relinquished all rights Be aware: When property is abandoned, the proprietor offers up the acceptable expectation of privateness about it. The finder of deserted property is entitled to maintain it, in addition to a law enforcement officer may perhaps consider possession of abandoned property as evidence without having violating the ensure in opposition to unreasonable queries and seizures while in the Fourth Modification to your U.S. Structure. — immediately after-obtained property : property (as proceeds) that a debtor acquires following the commencement of a bankruptcy case and that is ordinarily thought of Element of the individual bankruptcy estate : property obtained following the perfection of the lien or protection fascination Specifically : this sort of property acquired after the creation of the lien or stability fascination that is certainly matter towards the lien or gets to be collateral for the safety desire : property transferred on the estate of a decedent following execution of the will — popular property : property owned or utilized by multiple occasion specially : property owned or leased by tenants in frequent

ownership in indivision at possession Notice: The states possessing community property laws are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property During this entry specially, while in the civil law of Louisiana : tracts of land with their ingredient components — intangible property : property (as a stock certificate or Experienced license) that derives price not from its intrinsic physical mother nature but from what it represents — mental property

of not conducting heat character relates to a peculiar and distinct excellent of a matter or a category.

a : a high quality or trait belonging and particularly peculiar to someone or factor b : an effect that an item has on An additional item or within the senses c : virtue feeling two d : an attribute typical to all members of a category

a : a thing owned or possessed especially : a piece of real estate b : the exceptional correct to have, get pleasure from, and dispose of a point : possession c : one thing to which a person or small business includes a lawful title d : one (such as a performer) that is under agreement and whose get the job done is especially precious e : a e book or script obtained for publication or creation

property indicates a attribute that belongs into a thing's necessary character and could be utilized to explain a type or species.

see also QTIP have confidence in at belief Be aware: Underneath federal tax law the property have to be A part of check here the gross estate from the surviving husband or wife at his or her very own Dying, exactly where it truly is issue to taxation.