The best Side of property

The best Side of property

Blog Article

popular property Local community property intellectual property private property property injury property harm insurance policy property right property tax general public property

Assess tenancy in frequent at tenancy — community property : property held jointly by partner and wife especially : property especially from work acquired by possibly husband or wife right after marriage that may be deemed in states possessing a Group property technique to belong to each spouses as undivided one-50 percent interests

of your corporation : property belonging to a particular human being — experienced terminable interest property : property passing to your surviving partner that qualifies with the marital deduction If your executor so elects supplying which the partner is entitled to acquire cash flow in payments produced not less than every year for life Which no one has an influence to appoint any A part of the property to anyone apart from the surviving husband or wife

see also antenuptial agreement Take note: In many states, on divorce marital property is divided In line with what the courtroom establishes 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 together with crops or other assets continue to attached to land : property besides real property a tax on the personal property

— real property : property consisting of land, structures, crops, or other resources even now attached to or inside the land or advancements or fixtures permanently connected to your land or perhaps a framework on Additionally, it : an fascination, profit, correct, or privilege in this sort of property

termed also immovable property — independent property : property of a wife or husband that is not Neighborhood property or marital property Primarily : property acquired by a partner right before marriage or independently through marriage (as by gift or generally by inheritance) — tangible property : property that includes a tangible and corporeal existence and intrinsic economic worth thanks to it the insurance coverage coverage limited property destruction coverage to tangible property

These examples are programmatically compiled from a variety of on line sources As an example present-day utilization of your word 'property.' Any thoughts expressed while in the illustrations do not symbolize People of Merriam-Webster or its editors. Mail us feedback about these examples.

— marital property : property acquired by both husband or wife over the course of a marriage that is definitely issue to division upon divorce

see also asset, estate, curiosity feeling 1, possession feeling 1e — deserted property : property to which the proprietor has relinquished all legal rights Take note: When property is deserted, the operator presents up the fair expectation of privacy concerning it. The finder of abandoned property is entitled to keep it, plus a law enforcement officer may well choose possession of deserted property as proof without violating the assure towards unreasonable queries and seizures while in the Fourth Modification to your U.S. Structure. — just after-obtained property : property (as proceeds) that a debtor acquires once the commencement of the individual bankruptcy circumstance and that's normally regarded Component of the individual bankruptcy estate : property obtained following the perfection of a lien or safety curiosity Specifically : these kinds of property obtained once the development of a lien or security desire that may be issue to your lien or will become collateral for the safety curiosity : property transferred for the estate of a decedent after execution of your will — prevalent property : property owned or employed by more than one celebration specifically : property owned or read more leased by tenants in popular

possession in indivision at ownership Observe: The states possessing community property legislation are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property In this particular entry particularly, within the civil regulation of Louisiana : tracts of land with their ingredient sections — intangible property : property (like a stock certification or Qualified license) that derives worth not from its intrinsic physical nature but from what it signifies — mental property

of not conducting heat character relates to a peculiar and exclusive top quality of a detail or a category.

a : a top quality or trait belonging and especially peculiar to an individual or detail b : an outcome that an item has on Yet another item or within the senses c : virtue perception two d : an attribute frequent to all members of a category

a : a thing owned or possessed especially : a bit of real estate b : the unique ideal to possess, appreciate, and eliminate a point : possession c : one thing to which a person or small business incorporates a legal title d : a person (like a performer) who is beneath contract and whose operate is especially precious e : a e-book or script purchased for publication or generation

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

see also QTIP have confidence in at belief Be aware: Less than federal tax law the property have to be included in the gross estate on the surviving spouse at her or his own Loss of life, where it really is subject to taxation.