The best Side of property

The best Side of property

Blog Article

common property Local community property intellectual property own property property problems property injury insurance plan property proper property tax general public property

Assess tenancy in typical at tenancy — Group property : property held jointly by husband and spouse exclusively : property especially from work acquired by either husband or wife after relationship which is considered in states getting a Group property technique to belong to equally spouses as undivided one-50 percent interests

from the Company : property belonging to a particular individual — qualified terminable interest property : property passing to some surviving husband or wife that qualifies for your marital deduction Should the executor so elects offering which the partner is entitled to receive cash flow in payments built no less than yearly for all times and that no person has a power to appoint any Section of the property to any person aside from the surviving wife or husband

see also antenuptial agreement Observe: For most states, on divorce marital property is split In accordance with just what the courtroom establishes is equitable. — movable property : property (as individual property or crops) that could be moved — personalized property : property (being a vehicle) that is movable but not including crops or other assets continue to connected to land : property besides real property a tax on the non-public property

— real property : property consisting of land, buildings, crops, or other methods continue to attached to or within the land or enhancements or fixtures completely hooked up towards the land or maybe a structure on In addition, it : an fascination, benefit, suitable, or privilege in this sort of property

named also immovable property — separate property : property of a wife or husband that is not Neighborhood property or marital property Primarily : property acquired by a partner in advance of marriage or individually through marriage (as by reward or often by inheritance) — tangible property : property which has a tangible and corporeal existence and intrinsic financial benefit due to it the insurance policies coverage limited property harm coverage to tangible property

These illustrations are programmatically compiled from various on the internet resources For example existing utilization of your word 'property.' Any thoughts expressed while in the illustrations do not symbolize These of Merriam-Webster or its editors. Ship us comments about these click here examples.

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

see also asset, estate, curiosity feeling one, possession perception 1e — deserted property : property to which the proprietor has relinquished all rights Notice: When property is abandoned, the owner presents up the fair expectation of privateness relating to it. The finder of deserted property is entitled to maintain it, in addition to a law enforcement officer may perhaps just take possession of deserted property as proof with out violating the ensure in opposition to unreasonable lookups and seizures during the Fourth Modification to the U.S. Structure. — just after-obtained property : property (as proceeds) that a debtor acquires following the commencement of a bankruptcy situation and that is normally viewed as Element of the bankruptcy estate : property acquired after the perfection of a lien or safety fascination Specifically : this kind of property obtained once the development of a lien or security 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 from the will — frequent property : property owned or utilized by more than one party specifically : property owned or leased by tenants in typical

ownership in indivision at ownership Be aware: The states getting Neighborhood property legal guidelines are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property On this entry especially, while in the civil legislation of Louisiana : tracts of land with their part areas — intangible property : property (being a inventory certificate or Skilled license) that derives worth not from its intrinsic Bodily character but from what it represents — intellectual property

of not conducting heat character applies to a peculiar and distinctive quality of a detail or a category.

a : an excellent or trait belonging and particularly peculiar to somebody or detail b : an outcome that an item has on A different item or about the senses c : advantage feeling 2 d : an attribute typical to all associates of a class

a : something owned or possessed specifically : a piece of real estate b : the special ideal to have, delight in, and get rid of a issue : ownership c : one thing to which an individual or company features a legal title d : one (for instance a performer) that's underneath agreement and whose operate is particularly beneficial e : a book or script purchased for publication or output

property indicates a attribute that belongs into a point's important nature and could be made use of to explain a kind or species.

see also QTIP have confidence in at believe in Notice: Below federal tax law the property needs to be A part of the gross estate on the surviving partner at his or her own Dying, the place it really is topic to taxation.