The best Side of property

The best Side of property

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widespread property Group property mental property private property property damage property problems insurance policies property correct property tax general public property

Assess tenancy in typical at tenancy — Group property : property held jointly by spouse and wife specially : property Particularly from work acquired by either partner just after relationship that's considered in states possessing a Group property program to belong to both spouses as undivided one particular-half passions

from the Company : property belonging to a particular man or woman — certified terminable desire property : property passing to some surviving wife or husband that qualifies for your marital deduction Should the executor so elects offering which the partner is entitled to acquire revenue in payments built at the very least on a yearly basis for life Which no-one has an influence to appoint any A part 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 Based on just what the court decides is equitable. — movable property : property (as personalized property or crops) that may be moved — particular property : property (as being a car or truck) that is movable although not together with crops or other sources continue to 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 nonetheless connected to or throughout the land or improvements or fixtures completely hooked up towards the land or maybe a structure on Furthermore, it : an desire, advantage, appropriate, or privilege in such property

referred to as also immovable property — individual property : property of a partner that's not community property or marital property Specifically : property obtained by a wife or husband prior to relationship or separately throughout relationship (as by reward or frequently by inheritance) — tangible property : property that features a tangible and corporeal existence and intrinsic financial value as a result of it the insurance plan plan limited property harm coverage to tangible property

These illustrations are programmatically compiled from various on the internet sources As an instance current usage on the term 'property.' Any opinions expressed inside the illustrations never represent Individuals of Merriam-Webster or its editors. Send out us feed-back about these examples.

— marital property : property acquired by both wife or husband during the training course of the relationship that is subject matter to division upon divorce

see also asset, estate, curiosity feeling 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 affordable expectation of privacy relating to it. The finder of deserted property is entitled to maintain it, and a police officer may possibly acquire possession of deserted property as evidence with out violating the ensure from unreasonable lookups and seizures in the Fourth Amendment for the U.S. Structure. — immediately after-obtained property : property (as proceeds) that a debtor acquires once the commencement of the individual bankruptcy case and that is typically regarded Component of the individual bankruptcy estate : property obtained once the perfection of a lien or security curiosity Specifically : these kinds of property obtained once the generation of the lien or stability desire that is topic for the lien or turns into collateral for the safety fascination : property transferred to your estate of the decedent just after execution of the will — common property : property owned or used by more than one get together especially : property owned or leased by tenants in widespread

possession in indivision at ownership Notice: The states obtaining Local community property rules are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property With this entry specially, during the civil regulation of Louisiana : tracts of land with their ingredient pieces — intangible property : property (to be a inventory certification or Experienced license) that here derives benefit not from its intrinsic Actual physical mother nature but from what it signifies — mental property

of not conducting warmth character relates to a peculiar and exclusive excellent of the issue or a category.

a : a top quality or trait belonging and especially peculiar to a person or point b : an result that an object has on Yet another object or around the senses c : virtue perception two d : an attribute prevalent to all users of a category

a : a thing owned or possessed specially : a bit of real estate b : the exceptional appropriate to have, get pleasure from, and get rid of a point : ownership c : some thing to which a person or business contains a lawful title d : just one (for instance a performer) that is beneath agreement and whose function is especially valuable e : a book or script procured for publication or output

property indicates a attribute that belongs to some factor's essential nature and could be applied to explain a kind or species.

see also QTIP have confidence in at believe in Note: Less than federal tax regulation the property have to be included in the gross estate from the surviving spouse at his / her individual Demise, in which it really is subject to taxation.