property - An Overview

frequent property Local community property intellectual property personalized property property harm property destruction coverage property suitable property tax public property

compare tenancy in prevalent at tenancy — Local community property : property held jointly by husband and spouse exclusively : property Specifically from work acquired by either wife or husband immediately after marriage that is considered in states possessing a Group property method to belong to both of those spouses as undivided just one-half pursuits

on the corporation : property belonging to a certain individual — capable terminable curiosity property : property passing to a surviving husband or wife that qualifies for the marital deduction When the executor so elects furnishing the wife or husband is entitled to obtain income in payments designed at the very least annually for all times Which no person has an influence to appoint any A part of the property to any person aside from the surviving husband or wife

see also antenuptial agreement Notice: In most states, on divorce marital property is divided In line with what the courtroom establishes is equitable. — movable property : property (as individual property or crops) that could be moved — own property : property (as being a automobile) that is certainly movable although not including crops or other sources even now hooked up to land : property other than real property a tax on the private property

— real property : property consisting of land, structures, crops, or other means continue to attached to or inside the land or enhancements or fixtures forever hooked up to the land or even a structure on What's more, it : an desire, benefit, appropriate, or privilege in these types of property

termed also immovable property — separate property : property of a spouse that is not community property or marital property especially : property acquired by a spouse prior to marriage or independently for the duration of relationship (as by reward or normally by inheritance) — tangible property : property that has a tangible and corporeal existence and intrinsic economic price thanks to it the insurance coverage coverage restricted property problems protection to tangible property

These illustrations are programmatically compiled from various on the internet sources As an instance latest use of your term 'property.' Any viewpoints expressed within the examples tend not to stand for those of Merriam-Webster or its editors. Send us feedback about these examples.

— marital property : property acquired by possibly wife or husband over the class of the relationship that is subject to division upon divorce

see also realtor asset, estate, curiosity feeling one, possession perception 1e — deserted property : property to which the proprietor has relinquished all rights Be aware: When property is abandoned, the owner provides up the sensible expectation of privacy regarding it. The finder of abandoned property is entitled to help keep it, along with a police officer could just take possession of abandoned property as evidence with out violating the ensure towards unreasonable queries and seizures within the Fourth Amendment into the U.S. Structure. — just after-obtained property : property (as proceeds) that a debtor acquires once the commencement of the individual bankruptcy circumstance and that's ordinarily thought of Element of the individual bankruptcy estate : property obtained once the perfection of the lien or safety curiosity Specifically : this kind of property obtained following the creation of the lien or safety desire which is issue for the lien or becomes collateral for the security desire : property transferred into the estate of the decedent right after execution from the will — common property : property owned or employed by more than one celebration precisely : property owned or leased by tenants in frequent

ownership in indivision at possession Be aware: The states having Group property legislation are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property In this particular entry exclusively, within the civil law of Louisiana : tracts of land with their ingredient pieces — intangible property : property (being 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 distinctive quality of the factor or a category.

a : a top quality or trait belonging and especially peculiar to somebody or point b : an effect that an item has on another object or to the senses c : virtue feeling two d : an attribute common to all customers of a category

a : anything owned or possessed specifically : a piece of real estate b : the exclusive suitable to possess, delight in, and dispose of a detail : ownership c : a little something to which someone or business incorporates a lawful title d : a single (for instance a performer) who's underneath deal and whose function is particularly valuable e : a e-book or script ordered for publication or production

property implies a attribute that belongs to the factor's necessary nature and should be used to explain a sort or species.

see also QTIP have confidence in at rely on Note: Beneath federal tax law the property have to be A part of the gross estate of the surviving husband or wife at his / her personal Demise, where it really is subject matter to taxation.

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