New Step by Step Map For property

New Step by Step Map For property

Blog Article

widespread property community property mental property private property property damage property problems insurance policies property right property tax general public property

Examine tenancy in popular at tenancy — Neighborhood property : property held jointly by husband and spouse particularly : property In particular from employment obtained by either wife or husband right after relationship that is certainly deemed in states using a community property technique to belong to each spouses as undivided just one-fifty percent pursuits

in the Company : property belonging to a specific human being — competent 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 earnings in payments designed a minimum of per year for life Which not a soul has a power to appoint any Element of the property to any person besides the surviving spouse

see also antenuptial arrangement Note: In many states, on divorce marital property is divided In line with what the courtroom establishes is equitable. — movable property : property (as individual property or crops) which can be moved — personal property : property (like a auto) that's movable although not including crops or other assets continue to attached to land : property besides real property a tax on the personal property

— real property : property consisting of land, structures, crops, or other assets continue to attached to or in the land or improvements or fixtures completely connected to the land or even a framework on it also : an curiosity, gain, right, or privilege in this sort of property

identified as also immovable property — separate property : property of a wife or husband that is not Neighborhood property or marital property In particular : property obtained by a spouse ahead of relationship or individually in the course of relationship (as by reward or frequently by inheritance) — tangible property : property which has a tangible and corporeal existence and intrinsic financial benefit due to it the insurance policies plan restricted property harm protection to tangible property

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

— marital property : property acquired by both husband or wife in the study course of the marriage that's matter to division on divorce

see also asset, estate, desire sense 1, possession feeling 1e — deserted property : property to which the operator has relinquished all legal rights Note: When property is abandoned, the proprietor offers up the acceptable expectation of privateness concerning it. The finder of abandoned property is entitled to keep it, as well as a law enforcement officer may well choose possession of abandoned property as evidence with out violating the promise from unreasonable lookups and seizures during the Fourth Amendment towards the U.S. Constitution. — right after-obtained property : property (as proceeds) that a debtor acquires once the commencement of the individual bankruptcy case and that is generally deemed Portion of the personal bankruptcy estate : property obtained once the perfection of the lien or stability desire especially : this kind of property acquired following the development of a lien or protection fascination that is definitely subject matter into the lien or results in being collateral for the safety desire : property transferred to the estate of a decedent after click here execution from the will — prevalent property : property owned or employed by multiple bash specifically : property owned or leased by tenants in common

ownership in indivision at ownership Note: The states getting community property regulations are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property Within this entry especially, inside the civil legislation of Louisiana : tracts of land with their element elements — intangible property : property (like a stock certificate or Expert license) that derives value not from its intrinsic physical nature but from what it represents — mental property

of not conducting warmth character relates to a peculiar and distinct excellent of the matter or a category.

a : a top quality or trait belonging and particularly peculiar to someone or issue b : an result that an object has on Yet another object or around the senses c : virtue sense two d : an attribute popular to all users of a category

a : a thing owned or possessed exclusively : a piece of real estate b : the distinctive proper to possess, take pleasure in, and eliminate a point : ownership c : some thing to which an individual or company has a legal title d : a person (for instance a performer) that is beneath agreement and whose perform is especially valuable e : a book or script procured for publication or generation

property indicates a characteristic that belongs to some thing's critical mother nature and should be utilized to describe a type or species.

see also QTIP trust at belief Take note: Underneath federal tax legislation the property has to be included in the gross estate of your surviving wife or husband at her or his very own death, where it is actually subject matter to taxation.