property - An Overview

property - An Overview

Blog Article

popular property Neighborhood property mental property private 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 especially : property especially from work acquired by both spouse soon after marriage that is definitely deemed in states using a Neighborhood property process to belong to the two spouses as undivided a person-fifty percent pursuits

in the Company : property belonging to a specific human being — competent terminable desire property : property passing to some surviving wife or husband that qualifies for your marital deduction If your executor so elects supplying which the spouse is entitled to get income in payments manufactured a minimum of per year for life 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 In line with just what the court decides is equitable. — movable property : property (as individual property or crops) that may be moved — own property : property (as being a car or truck) that is movable but not like crops or other means nevertheless hooked up to land : property besides real property a tax on the private property

— real property : property consisting of land, buildings, crops, or other assets nevertheless connected to or inside the land or advancements or fixtures permanently connected to your land or perhaps a framework on In addition it : an curiosity, gain, ideal, or privilege in this sort of property

identified as also immovable property — separate property : property of a husband or wife that's not community property or marital property Specially : property obtained by a spouse just before relationship or separately throughout relationship (as by reward or often by inheritance) — tangible property : property which has a tangible and corporeal existence and intrinsic financial benefit due to it the insurance policies plan restricted property injury protection to tangible property

These illustrations are programmatically compiled from various on the internet resources For example current usage on the term 'property.' Any viewpoints expressed within the examples usually do not depict Those people of Merriam-Webster or its editors. Send us opinions about these examples.

— marital property : property acquired by possibly wife or husband throughout the program of a relationship that may be subject to division upon divorce

see also asset, estate, curiosity feeling one, possession perception 1e — abandoned property : property to which the owner has relinquished all rights Observe: When property is deserted, the operator gives up the affordable expectation of privacy relating to it. The finder of deserted property is entitled to maintain it, in addition to a police officer could just take possession of deserted property as proof without the need of violating the guarantee towards unreasonable searches and seizures inside the Fourth Modification to your U.S. Structure. — just after-acquired property : property (as proceeds) that a debtor acquires after the commencement of a bankruptcy situation and that is normally viewed as Element of the individual bankruptcy estate : property acquired following the perfection of the lien or stability interest Specially : this sort of property acquired awards for contractors following the generation of the lien or stability interest that is topic for the lien or turns into collateral for the security curiosity : property transferred on the estate of the decedent immediately after execution with the will — prevalent property : property owned or employed by multiple bash precisely : property owned or leased by tenants in common

ownership in indivision at ownership Note: The states having community property laws 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 component components — intangible property : property (as being a stock certificate or professional license) that derives value not from its intrinsic physical mother nature but from what it signifies — mental property

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

a : a top quality or trait belonging and especially peculiar to an individual or factor b : an effect that an object has on another item or over the senses c : advantage feeling two d : an attribute frequent to all associates of a class

a : some thing owned or possessed particularly : a piece of real estate b : the exclusive ideal to have, delight in, and get rid of a factor : ownership c : something to which anyone or business enterprise provides 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 obtained for publication or manufacturing

property implies a attribute that belongs to your issue's crucial nature and may be used to explain a kind or species.

see also QTIP have faith in at have confidence in Be aware: Under federal tax regulation the property need to be A part of the gross estate in the surviving spouse at his / her individual Demise, in which it's subject to taxation.