property - An Overview

property - An Overview

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prevalent property community property mental property personalized property property harm property destruction insurance plan property proper property tax general public property

Assess tenancy in common at tenancy — Local community property : property held jointly by husband and spouse particularly : property Primarily from employment obtained by both wife or husband soon after relationship that is definitely deemed in states using a Neighborhood property procedure to belong to the two spouses as undivided a person-fifty percent pursuits

on the Company : property belonging to a specific human being — competent terminable desire property : property passing into a surviving spouse that qualifies for that marital deduction if the executor so elects delivering that the husband or wife is entitled to acquire revenue in payments built at the very least annually for life Which nobody has an influence to appoint any A part of the property to anyone other than the surviving partner

see also antenuptial settlement Be aware: For most states, upon divorce marital property is split In keeping with exactly what the court docket determines is equitable. — movable property : property (as particular property or crops) that can be moved — personalized property : property (to be a automobile) that is definitely movable but not like crops or other methods nonetheless connected to land : property in addition to real property a tax on the private property

— real property : property consisting of land, structures, crops, or other resources even now hooked up to or within the land or enhancements or fixtures forever attached on the land or a construction on What's more, it : an interest, reward, ideal, or privilege in this sort of property

identified as also immovable property — separate property : property of the husband or wife that is not Neighborhood property or marital property In particular : property acquired by a partner ahead of relationship or individually for the duration of relationship (as by gift 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 policy restricted property hurt protection to tangible property

These examples are programmatically compiled from different on the net resources For instance recent use of the word 'property.' Any views expressed from the examples don't signify People of Merriam-Webster or its editors. Send us comments about these illustrations.

— marital property : property obtained by either spouse through the study course of the relationship that's matter to division on divorce

see also asset, estate, desire perception 1, 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 realistic expectation of privateness about it. The finder of abandoned property is entitled check here to keep it, as well as a police officer may possibly choose possession of deserted property as evidence with out 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 personal bankruptcy circumstance and that's ordinarily considered A part of the personal bankruptcy estate : property acquired following the perfection of the lien or protection fascination In particular : these types of property acquired after the creation of a lien or safety desire that is subject towards the lien or turns into collateral for the security curiosity : property transferred on the estate of the decedent immediately after execution with the will — popular property : property owned or employed by multiple bash specifically : property owned or leased by tenants in common

ownership in indivision at ownership Note: The states having community property regulations are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property Within this entry particularly, within the civil law of Louisiana : tracts of land with their element components — intangible property : property (as being a stock certificate or Expert license) that derives value not from its intrinsic physical nature but from what it signifies — mental property

of not conducting warmth character relates to a peculiar and distinct excellent of the issue or a category.

a : a quality or trait belonging and particularly peculiar to somebody or matter b : an outcome that an item has on An additional item or around the senses c : advantage perception two d : an attribute prevalent to all customers of a category

a : anything owned or possessed exclusively : a bit of real estate b : the distinctive proper to possess, take pleasure in, and dispose of a factor : ownership c : something to which anyone or business enterprise contains a lawful title d : just one (like a performer) who's below contract and whose function is especially valuable e : a book or script procured for publication or output

property indicates a characteristic that belongs to some factor's essential mother nature and could be applied to describe a type or species.

see also QTIP believe in at trust Take note: Underneath federal tax legislation the property must be included in the gross estate in the surviving spouse at his or her have Demise, the place it really is topic to taxation.