New Step by Step Map For property

New Step by Step Map For property

Blog Article

common property Local community property mental property personalized property property harm property destruction insurance plan property proper property tax public property

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

of your corporation : property belonging to a selected particular person — qualified terminable fascination property : property passing into a surviving husband or wife that qualifies for your marital deduction Should the executor so elects offering which the partner is entitled to acquire earnings in payments created not less than each year for all times and that not a soul has a power to appoint any Component of the property to any person besides the surviving spouse

see also antenuptial arrangement Take note: In many states, on divorce marital property is divided As outlined by what the courtroom establishes is equitable. — movable property : property (as individual property or crops) that could be moved — individual property : property (being a vehicle) which is movable although not such as crops or other methods still connected to land : property in addition to real property a tax on the personal property

— real property : property consisting of land, structures, crops, or other means nevertheless hooked up to or within the land or enhancements or fixtures forever attached for the land or maybe a structure on In addition, it : an fascination, benefit, proper, or privilege in these property

called also immovable property — independent property : property of the spouse that is not Local community property or marital property Primarily : property acquired by a spouse ahead of relationship or individually in the course of 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 restricted property injury protection to tangible property

These illustrations are programmatically compiled from numerous on the web sources For example existing utilization of your word 'property.' Any thoughts expressed while in the illustrations do not symbolize People of Merriam-Webster or its editors. Mail click here us feedback about these examples.

— marital property : property obtained by possibly husband or wife through the training course of the relationship that is topic to division on divorce

see also asset, estate, desire perception 1, possession sense 1e — deserted property : property to which the operator has relinquished all legal rights Take note: When property is abandoned, the owner provides up the sensible expectation of privacy concerning it. The finder of abandoned property is entitled to keep it, in addition to a law enforcement officer may well just take possession of deserted property as proof without violating the ensure in opposition to unreasonable queries and seizures from the Fourth Modification to the U.S. Constitution. — following-acquired property : property (as proceeds) that a debtor acquires following the commencement of the individual bankruptcy circumstance and that's usually regarded as Portion of the personal bankruptcy estate : property obtained once the perfection of the lien or stability desire especially : this kind of property acquired after the development of a lien or protection fascination that is definitely subject matter into the lien or becomes collateral for the security interest : property transferred to the estate of a decedent following execution in the will — frequent property : property owned or utilized by more than one social gathering exclusively : property owned or leased by tenants in prevalent

possession in indivision at possession Observe: The states acquiring Group property guidelines are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property During this entry specifically, in the civil law of Louisiana : tracts of land with their component parts — intangible property : property (as a inventory certificate or Specialist license) that derives worth not from its intrinsic Bodily character but from what it signifies — intellectual property

of not conducting warmth character relates to a peculiar and unique high quality of the issue or a category.

a : a top quality or trait belonging and especially peculiar to a person or point b : an impact that an object has on An additional object or on the senses c : virtue perception two d : an attribute prevalent to all customers of a category

a : something owned or possessed exclusively : a bit of real estate b : the exceptional appropriate to have, take pleasure in, and eliminate a thing : ownership c : something to which an individual or company has a lawful title d : a person (for instance a performer) that is underneath agreement and whose operate is particularly useful e : a guide or script purchased for publication or production

property indicates a attribute that belongs to your point's crucial nature and may be used to explain a sort or species.

see also QTIP have faith in at have confidence in Be aware: Below federal tax law the property needs to be A part of the gross estate on the surviving husband or wife at their own Dying, wherever it is issue to taxation.