The best Side of property

The best Side of property

Blog Article

widespread property community property mental property private property property harm property damage insurance property suitable property tax community property

compare tenancy in prevalent at tenancy — Neighborhood property : property held jointly by partner and wife particularly : property Primarily from work acquired by both wife or husband soon after marriage that is definitely deemed in states having a Local community property method to belong to both of those spouses as undivided a single-half passions

of the Company : property belonging to a particular human being — competent terminable desire property : property passing to a surviving husband or wife that qualifies for your marital deduction Should the executor so elects delivering the wife or husband is entitled to obtain money in payments created not less than every year for all times and that not one person has a power to appoint any Section of the property to anyone other than the surviving husband or wife

see also antenuptial agreement Notice: In most states, upon divorce marital property is split according to exactly what the court docket determines is equitable. — movable property : property (as personalized property or crops) that can be moved — personalized property : property (to be a automobile) that is definitely movable but not which includes crops or other methods 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 sources however attached to or in the land or advancements or fixtures permanently attached on the land or simply a structure on In addition, it : an fascination, profit, correct, or privilege in this sort of property

termed also immovable property — separate property : property of a partner that isn't Group property or marital property Particularly : property acquired by a husband or wife in advance of relationship or individually throughout marriage (as by present or usually by inheritance) — tangible property : property that includes a tangible and corporeal existence and intrinsic financial value due to it the insurance policies coverage limited property destruction protection to tangible property

These illustrations are programmatically compiled from numerous on the internet resources As an instance current usage from the word 'property.' Any thoughts expressed while in the illustrations tend not to characterize Those people of Merriam-Webster or its editors. Send us suggestions about these examples.

— marital property : property acquired by either partner through the training course of the relationship that is certainly subject matter to division upon divorce

see also asset, estate, interest sense 1, possession sense 1e — abandoned property : property to which the owner has relinquished all rights Note: When property is abandoned, the operator presents up the fair expectation of privateness about it. The finder of deserted property is entitled to maintain it, and also a law enforcement officer may well acquire possession of deserted property as evidence without having violating the ensure towards unreasonable searches and seizures within the Fourth Amendment to the 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 Component of the personal bankruptcy estate : property obtained once the perfection of the lien or safety curiosity Particularly : such property acquired once the development of a lien or security desire that may be issue on the lien or gets collateral for the security interest : property transferred into the estate of the decedent right after execution of the will — common property : property owned or employed by more than one get together particularly : property owned or leased by tenants in common

possession in indivision at ownership Note: The states owning Local community property legal guidelines are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property On this entry specifically, during the civil legislation of Louisiana : tracts of land with their element parts — intangible property : property (for a stock certificate or Skilled license) that derives value not from its intrinsic Actual physical nature but from what it signifies — mental property

of not conducting heat character relates to a peculiar and unique high quality of the issue or a class.

a : an excellent or trait belonging and especially here peculiar to somebody or issue b : an impact that an item has on One more object or to the senses c : advantage feeling two d : an attribute widespread to all associates of a class

a : one thing owned or possessed especially : a piece of real estate b : the exclusive right to possess, enjoy, and eliminate a detail : possession c : anything to which a person or small business includes a lawful title d : a single (for instance a performer) who's under agreement and whose function is very useful e : a book or script ordered for publication or manufacturing

property indicates a characteristic that belongs to the point's critical character and could be employed to explain a type or species.

see also QTIP belief at have confidence in Take note: Below federal tax regulation the property should be A part of the gross estate of your surviving partner at her or his own Loss of life, wherever it is matter to taxation.