property - An Overview

property - An Overview

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typical property Local community property intellectual property personal property property problems property injury insurance coverage property suitable property tax community property

Look at tenancy in widespread at tenancy — community property : property held jointly by partner and wife precisely : property Specifically from work acquired by both wife or husband soon after marriage that's considered in states possessing a Group property program to belong to both of those spouses as undivided one particular-half passions

of the Company : property belonging to a particular man or woman — qualified terminable desire property : property passing to the surviving wife or husband that qualifies for your marital deduction Should the executor so elects offering which the partner is entitled to acquire revenue in payments built at the least on a yearly basis for life Which nobody has an influence to appoint any A part of the property to anyone other than the surviving husband or wife

see also antenuptial agreement Notice: In most states, upon divorce marital property is split In accordance with just what the court decides is equitable. — movable property : property (as personal property or crops) which can be moved — personal property : property (as being a car) which is movable although not together with crops or other assets nevertheless connected to land : property besides real property a tax on the personal property

— real property : property consisting of land, buildings, crops, or other means nevertheless hooked up to or throughout the land or improvements or fixtures forever attached for the land or simply a construction on What's more, it : an interest, reward, ideal, or privilege in this kind of property

named also immovable property — different property : property of a husband or wife that is not Neighborhood property or marital property In particular : property acquired by a partner in advance of relationship or individually for the duration of relationship (as by gift or typically by inheritance) — tangible property : property that includes a tangible and corporeal existence and intrinsic economic worth on account of it the coverage policy limited property problems coverage to tangible property

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

— marital property : property acquired by possibly spouse throughout the course of the relationship that is certainly matter to division on divorce

see also asset, estate, fascination feeling one, possession sense 1e — abandoned property : property to which the proprietor has relinquished all legal rights Take note: When property is abandoned, the owner provides up the acceptable expectation of privateness about it. The finder of abandoned property is entitled to keep it, plus a law enforcement officer may perhaps take possession of abandoned property as evidence with no violating the assurance versus unreasonable searches and seizures in the Fourth Amendment on the U.S. Structure. — soon after-obtained property : property (as proceeds) that a debtor acquires once the commencement of a bankruptcy situation and that is normally viewed as Element of the bankruptcy estate : property acquired after the perfection of a lien or safety fascination In particular : these types of property obtained after the creation of a lien or security interest that's topic for the lien or gets collateral for the safety fascination : property transferred to your estate of the decedent just after execution in the will — prevalent property : property owned or employed by multiple bash specifically : property owned or read more leased by tenants in common

ownership in indivision at ownership Be aware: The states getting Neighborhood property legal guidelines are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property In this particular entry exclusively, while in the civil regulation of Louisiana : tracts of land with their part sections — intangible property : property (for a inventory certification or Experienced license) that derives benefit not from its intrinsic Actual physical mother nature but from what it signifies — intellectual property

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

a : a quality or trait belonging and particularly peculiar to an individual or thing b : an effect that an object has on another object or on the senses c : advantage perception two d : an attribute prevalent to all customers of a category

a : anything owned or possessed exclusively : a piece of real estate b : the unique proper to possess, appreciate, and dispose of a factor : ownership c : a little something to which anyone or business enterprise contains a lawful title d : one particular (like a performer) who's below contract and whose do the job is very precious e : a ebook or script acquired for publication or creation

property implies a characteristic that belongs to the detail's necessary character and will be utilized to describe a sort or species.

see also QTIP rely on at have faith in Notice: Below federal tax law the property must be A part of the gross estate with the surviving husband or wife at their personal death, where by it can be matter to taxation.