The best Side of property

The best Side of property

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prevalent property Neighborhood property mental property own property property hurt property damage insurance property ideal property tax community property

Evaluate tenancy in widespread at tenancy — Neighborhood property : property held jointly by partner and wife specifically : property In particular from employment obtained by either wife or husband following relationship that is certainly deemed in states aquiring a Neighborhood property procedure to belong to both equally spouses as undivided one particular-half passions

of the Company : property belonging to a specific human being — experienced terminable fascination property : property passing to some surviving husband or wife that qualifies for the marital deduction In case the executor so elects supplying the partner is entitled to acquire earnings in payments designed a minimum of on a yearly basis for life and that nobody has an influence to appoint any Section of the property to any person in addition to the surviving husband or wife

see also antenuptial agreement Observe: In many states, on divorce marital property is divided In keeping with exactly what the court decides is equitable. — movable property : property (as particular property or crops) that may be moved — own property : property (being a car) that may be movable but not together with crops or other means even now hooked up to land : property other than real property a tax on the private property

— real property : property consisting of land, properties, crops, or other resources nonetheless connected to or within the land or improvements or fixtures permanently connected into the land or perhaps a framework on In addition it : an interest, reward, ideal, or privilege in these types of property

known as also immovable property — individual property : property of the wife or husband that's not community property or marital property Specifically : property obtained by a wife or husband before marriage or independently all through relationship (as by reward or often by inheritance) — tangible property : property which has a tangible and corporeal existence and intrinsic economic worth as a consequence of it the coverage plan restricted property harm coverage to tangible property

These examples are programmatically compiled from different on the web resources to illustrate current usage in the phrase 'property.' Any thoughts expressed during the examples do not represent These of Merriam-Webster or its editors. Deliver us comments about these illustrations.

— marital property : property obtained by possibly wife or husband throughout the program of a marriage that's matter to division on divorce

see also asset, estate, interest feeling 1, possession sense 1e — abandoned property : property to which the owner has relinquished all legal rights Take note: When property is abandoned, the owner gives up the affordable expectation of privacy regarding it. The finder of abandoned property is entitled to help keep it, plus a police officer may possibly just take possession of deserted property as evidence without violating the guarantee against unreasonable searches and seizures in the Fourth Modification to your U.S. Structure. — immediately after-obtained property : property (as proceeds) that a debtor acquires after the commencement of a bankruptcy case and that's generally regarded as A part of the bankruptcy estate : property obtained once the perfection of the lien or safety curiosity Particularly : this kind of property obtained following the creation of the lien or stability fascination that is certainly matter for the lien or turns into collateral for the security desire : property transferred to your estate of the decedent right after execution from the will — common property : property owned or employed by multiple get together particularly : property owned or leased by tenants in common

possession in indivision at ownership Note: The states owning Neighborhood property regulations are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property in this entry precisely, while in the civil law of Louisiana : tracts of land with their component pieces — intangible property : property (being a stock certification or Specialist license) that derives worth not from its intrinsic physical mother nature but from what it represents — mental property

of not conducting warmth character applies to a peculiar and exclusive top quality of the issue or a class.

a : an excellent or trait belonging and especially peculiar to somebody or issue b : an impact that an item has on Yet another item or about the senses c : virtue feeling 2 d : an attribute prevalent to all associates of a category

a : anything owned or possessed particularly : a bit of real estate b : the unique ideal to possess, enjoy, and get rid of a detail : ownership c : a thing to which an individual or business enterprise includes a lawful title d : a single (for instance a performer) who is underneath deal and whose function is particularly precious e : a website book or script bought for publication or generation

property indicates a characteristic that belongs to your detail's essential character and should be applied to describe a kind or species.

see also QTIP trust at have confidence in Observe: Less than federal tax law the property need to be included in the gross estate in the surviving wife or husband at their individual death, in which it is actually topic to taxation.