property - An Overview

property - An Overview

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common property Neighborhood property mental property personalized property property harm property destruction insurance plan property appropriate property tax public property

Look at tenancy in widespread at tenancy — Local community property : property held jointly by spouse and spouse exclusively : property Particularly from work acquired by possibly husband or wife following relationship that is certainly deemed in states getting a community property technique to belong to each spouses as undivided a person-fifty percent pursuits

in the Company : property belonging to a specific human being — experienced terminable interest property : property passing into a surviving wife or husband that qualifies to the marital deduction if the executor so elects delivering which the partner is entitled to acquire cash flow in payments built a minimum of on a yearly basis for life Which no-one has an influence to appoint any Element of the property to any person in addition to the surviving partner

see also antenuptial settlement Be aware: In the majority of states, upon divorce marital property is split according to exactly what the court docket determines is equitable. — movable property : property (as particular property or crops) that may be moved — particular property : property (as being a motor vehicle) that is movable although not together with crops or other sources however attached to land : property aside from real property a tax on the non-public property

— real property : property consisting of land, structures, crops, or other methods still connected to or throughout the land or improvements or fixtures completely hooked up towards the land or possibly a structure on In addition, it : an desire, advantage, appropriate, or privilege in these types of property

referred to as also immovable property — individual property : property of the partner that's not Group property or marital property Particularly : property obtained by a wife or husband prior to marriage or separately during marriage (as by present or usually by inheritance) — tangible property : property that features a tangible and corporeal existence and intrinsic economic worth on account of it the coverage policy restricted property problems coverage to tangible property

These examples are programmatically compiled from a variety of on line sources As an example latest usage from the phrase 'property.' Any viewpoints expressed in the examples tend not to characterize those of Merriam-Webster or its editors. Deliver us opinions about these illustrations.

— marital property : property acquired by either husband or wife over the course of a marriage that is certainly issue to division here on divorce

see also asset, estate, interest feeling one, possession perception 1e — deserted property : property to which the owner has relinquished all rights Notice: When property is deserted, the operator gives up the affordable expectation of privacy relating to it. The finder of deserted property is entitled to maintain it, along with a police officer may possibly acquire possession of deserted property as evidence with out violating the ensure from unreasonable lookups and seizures while in the Fourth Modification into the U.S. Structure. — following-acquired property : property (as proceeds) that a debtor acquires following the commencement of the personal bankruptcy scenario and that's ordinarily considered A part of the bankruptcy estate : property acquired following the perfection of the lien or protection fascination In particular : these types of property obtained after the creation of a lien or safety curiosity that is certainly subject matter to your lien or results in being collateral for the safety interest : property transferred to the estate of a decedent following execution in the will — widespread property : property owned or utilized by multiple occasion specially : property owned or leased by tenants in popular

possession in indivision at possession Take note: The states owning community property laws are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property in this entry particularly, within the civil law of Louisiana : tracts of land with their element elements — intangible property : property (like a stock certificate or Expert license) that derives worth not from its intrinsic physical nature but from what it represents — intellectual property

of not conducting heat character applies to a peculiar and distinct top quality of the point or a category.

a : a high quality or trait belonging and especially peculiar to a person or point b : an result that an object has on Yet another object or within the senses c : virtue sense 2 d : an attribute common to all members of a category

a : a little something owned or possessed precisely : a bit of real estate b : the exclusive ideal to have, love, and eliminate a matter : possession c : anything to which somebody or organization incorporates a authorized title d : a single (like a performer) who is under contract and whose do the job is very precious e : a e book or script acquired for publication or creation

property implies a characteristic that belongs to a detail's necessary character and should be employed to describe a type or species.

see also QTIP belief at belief Observe: Beneath federal tax legislation the property should be included in the gross estate of your surviving husband or wife at her or his very own death, where it is actually subject matter to taxation.