New Step by Step Map For property

New Step by Step Map For property

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common property Local community property intellectual property particular property property harm property destruction insurance policies property right property tax community property

compare tenancy in widespread at tenancy — community property : property held jointly by spouse and spouse especially : property Primarily from employment acquired by possibly spouse immediately after marriage that is certainly considered in states getting a Group property method to belong to both equally spouses as undivided one-fifty percent pursuits

from the Company : property belonging to a selected individual — skilled terminable interest property : property passing to some surviving spouse that qualifies to the marital deduction If your executor so elects providing which the spouse is entitled to obtain profits in payments designed a minimum of every year for all times and that nobody has a power to appoint any Section of the property to anyone other than the surviving partner

see also antenuptial arrangement Take note: In most states, upon divorce marital property is divided In accordance with exactly what the courtroom establishes is equitable. — movable property : property (as personal property or crops) which can be moved — particular property : property (to be a vehicle) that's movable but not which includes crops or other methods nonetheless connected to land : property besides real property a tax on the personal property

— real property : property consisting of land, structures, crops, or other means continue to attached to or within the land or advancements or fixtures forever hooked up to the land or even a construction on Furthermore, it : an curiosity, reward, ideal, or privilege in such property

known as also immovable property — separate property : property of the husband or wife that's not Group property or marital property In particular : property acquired by a wife or husband prior to marriage or individually in the course of relationship (as by gift or frequently by inheritance) — tangible property : property which has a tangible and corporeal existence and intrinsic economic price as a consequence of it the coverage coverage limited property injury coverage to tangible property

These illustrations are programmatically compiled from various on the internet sources For instance present usage of the term 'property.' Any viewpoints expressed during the illustrations will not characterize People of Merriam-Webster or its editors. Deliver us suggestions about these examples.

— marital property : property acquired by possibly husband or wife in the course of the study course of the relationship that may be subject to division upon divorce

see also asset, estate, interest sense 1, possession sense 1e — deserted property : property to which the owner has relinquished all rights Note: When property is deserted, the proprietor provides up the sensible expectation of privacy about it. The finder of abandoned property is entitled to keep it, as well as a law enforcement officer may well take possession of abandoned property as evidence with no violating the assurance versus unreasonable lookups and seizures from the Fourth Modification for the U.S. Constitution. — following-obtained property : property (as proceeds) that a debtor acquires once the commencement of a bankruptcy situation and that is generally deemed Section of the bankruptcy estate : property acquired once the perfection of the lien or safety curiosity Particularly : such property obtained following the creation of a lien or stability fascination that is certainly matter for the lien or becomes collateral for the safety curiosity : property transferred towards the estate of the decedent just after execution with the will — prevalent property : property owned or utilized by more than one party specially : property owned or leased by tenants in prevalent

ownership in indivision at possession Observe: The states obtaining community property legislation are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property On this entry particularly, during the civil legislation of Louisiana : tracts of land with their component pieces — intangible property : property (to be a inventory certificate or Experienced license) that derives price not from its intrinsic physical mother nature but from what it signifies — intellectual property

of not conducting warmth character applies to a peculiar and exclusive good quality of a detail or a class.

a : an excellent or trait belonging and especially peculiar to somebody or point b : an outcome that an object has on A further object or on the senses c : virtue sense 2 d : check here an attribute typical to all users of a class

a : something owned or possessed specially : a piece of real estate b : the distinctive right to possess, enjoy, and get rid of a thing : possession c : some thing to which anyone or organization features a authorized title d : a person (like a performer) that's below agreement and whose perform is very beneficial e : a ebook or script purchased for publication or generation

property implies a characteristic that belongs to a issue's essential character and could be employed to explain a type or species.

see also QTIP rely on at believe in Take note: Beneath federal tax regulation the property have to be A part of the gross estate in the surviving husband or wife at his or her possess death, in which it is actually issue to taxation.