property - An Overview

property - An Overview

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popular property Neighborhood property intellectual property personalized property property injury property harm insurance coverage property correct property tax general public property

Assess tenancy in typical at tenancy — Group property : property held jointly by spouse and wife especially : property Specially from employment obtained by both spouse soon after marriage that may be deemed in states having a Local community property procedure to belong to both equally spouses as undivided 1-50 % interests

of your Company : property belonging to a particular individual — capable terminable fascination property : property passing to a surviving husband or wife that qualifies for the marital deduction If your executor so elects supplying that the husband or wife is entitled to acquire cash flow in payments made not less than every year for life and that no person has a power to appoint any Component of the property to any person besides the surviving spouse

see also antenuptial agreement Observe: In most states, on divorce marital property is split In line with just what the courtroom establishes is equitable. — movable property : property (as individual property or crops) that could be moved — private property : property (to be a automobile) that may be movable but not which includes crops or other means nonetheless connected to land : property aside from real property a tax on the personal property

— real property : property consisting of land, structures, crops, or other means nevertheless hooked up to or throughout the land or improvements or fixtures completely hooked up into the land or even a composition on In addition, it : an fascination, profit, correct, or privilege in these kinds of property

referred to as also immovable property — different property : property of a partner that isn't Group property or marital property especially : property acquired by a spouse just before relationship or individually through relationship (as by reward or often by inheritance) — tangible property : property which has a tangible and corporeal existence and intrinsic financial worth on account of it the insurance policy restricted property injury coverage to tangible property

These illustrations are programmatically compiled from various online sources For instance existing utilization of your term 'property.' Any viewpoints expressed within the examples tend not to characterize those of Merriam-Webster or its editors. Deliver us comments about these illustrations.

— marital property : property obtained by possibly wife or husband during the program of a marriage which is matter to division on divorce

see also asset, estate, desire perception one, possession sense 1e — abandoned property : property to which the owner has relinquished all rights Be aware: 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 just take possession of abandoned property as proof without the need of violating the guarantee versus unreasonable queries 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's ordinarily thought of Component of the personal bankruptcy estate : property acquired after the perfection of a lien or stability fascination Specifically : this sort of property acquired after the generation of a lien or security interest that may be issue into the lien or will become collateral click here for the safety curiosity : property transferred towards the estate of the decedent immediately after execution on the will — widespread property : property owned or utilized by more than one party specially : property owned or leased by tenants in widespread

ownership in indivision at possession Take note: The states acquiring Neighborhood property regulations are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property in this entry precisely, from the civil legislation of Louisiana : tracts of land with their element parts — intangible property : property (to be a inventory certificate or professional license) that derives price not from its intrinsic Bodily nature but from what it signifies — intellectual property

of not conducting warmth character applies to a peculiar and distinctive high-quality of a detail or a class.

a : an outstanding or trait belonging and particularly peculiar to somebody or matter b : an outcome that an object has on another item or around the senses c : advantage feeling two d : an attribute prevalent to all users of a category

a : a thing owned or possessed precisely : a piece of real estate b : the special suitable to possess, delight in, and dispose of a point : ownership c : some thing to which a person or small business features a lawful title d : a single (for instance a performer) who's underneath agreement and whose operate is particularly useful e : a e book or script obtained for publication or generation

property implies a attribute that belongs to a issue's vital character and will be utilized to describe a type or species.

see also QTIP have faith in at trust Notice: Less than federal tax legislation the property need to be included in the gross estate of the surviving wife or husband at his or her own Dying, exactly where it can be subject to taxation.