The Single Best Strategy To Use For property

The Single Best Strategy To Use For property

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widespread property community property mental property personalized property property harm property problems insurance policies property correct property tax general public property

Assess tenancy in common at tenancy — Local community property : property held jointly by husband and spouse especially : property especially from work acquired by possibly partner just after marriage that is considered in states having a Local community property method to belong to both of those spouses as undivided a single-50 % passions

of your Company : property belonging to a specific person — skilled terminable interest property : property passing to your surviving partner that qualifies with the marital deduction When the executor so elects furnishing the spouse is entitled to get income in payments designed at the very least annually for life Which nobody has an influence to appoint any A part of the property to any person other than the surviving wife or husband

see also antenuptial arrangement Take note: For most states, upon divorce marital property is split according to exactly what the court decides is equitable. — movable property : property (as personal property or crops) that could be moved — personal property : property (as being a car or truck) that's movable although not together with crops or other sources however hooked up to land : property other than real property a tax on the private property

— real property : property consisting of land, properties, crops, or other sources however attached to or in the land or enhancements or fixtures forever hooked up towards the land or maybe a construction on Additionally, it : an fascination, profit, ideal, or privilege in this kind of property

named also immovable property — individual property : property of the wife or husband that's not Local community property or marital property Specially : property acquired by a spouse prior to marriage or individually in the course of marriage (as by present or generally by inheritance) — tangible property : property that has a tangible and corporeal existence and intrinsic economic value due to it the insurance policy plan limited property destruction protection to tangible property

These illustrations are programmatically compiled from a variety of on the net resources As an instance present-day use of the word 'property.' Any opinions expressed in the illustrations never represent These of Merriam-Webster or its editors. Deliver us comments about these illustrations.

— marital property : property obtained by both husband or wife in the class of the marriage that is subject to click here division upon divorce

see also asset, estate, interest sense 1, possession sense 1e — abandoned property : property to which the operator has relinquished all legal rights Take note: When property is deserted, 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 possibly just take possession of deserted property as evidence with out violating the assure against unreasonable lookups and seizures during the Fourth Modification to your U.S. Structure. — immediately after-obtained property : property (as proceeds) that a debtor acquires after the commencement of a individual bankruptcy circumstance and that's commonly viewed as Component of the personal bankruptcy estate : property acquired after the perfection of the lien or protection fascination Specifically : this sort of property acquired after the generation of the lien or protection curiosity that's subject to the lien or results in being collateral for the safety fascination : property transferred for the estate of a decedent after execution of your will — frequent property : property owned or used by multiple occasion exclusively : property owned or leased by tenants in frequent

ownership in indivision at possession Note: The states acquiring community property legislation are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property Within this entry specifically, from the civil legislation of Louisiana : tracts of land with their component pieces — intangible property : property (for a stock certification or Specialist license) that derives value not from its intrinsic Actual physical character but from what it represents — mental property

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

a : a quality or trait belonging and particularly peculiar to an individual or detail b : an influence that an object has on A different object or around the senses c : advantage sense 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 distinctive right to have, appreciate, and eliminate a point : possession c : anything to which an individual or business incorporates a legal title d : a person (like a performer) that's beneath contract and whose operate is especially precious e : a guide or script ordered for publication or manufacturing

property indicates a characteristic that belongs to the point's essential character and will be applied to describe a kind or species.

see also QTIP believe in at rely on Be aware: Less than federal tax legislation the property needs to be included in the gross estate with the surviving wife or husband at their possess Loss of life, exactly where it is issue to taxation.