Not known Details About property
Not known Details About property
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common property community property mental property own property property problems property injury insurance coverage property suitable property tax public property
Examine tenancy in prevalent at tenancy — Local community property : property held jointly by partner and wife particularly : property Primarily from work acquired by both spouse just after marriage that may be considered in states getting a community property program to belong to each spouses as undivided one particular-50 percent interests
on the corporation : property belonging to a certain person — qualified terminable fascination property : property passing to a surviving husband or wife that qualifies to the marital deduction Should the executor so elects offering that the spouse is entitled to get income in payments produced a minimum of every year for all times Which no person has an influence to appoint any A part of the property to any person besides the surviving wife or husband
see also antenuptial agreement Observe: For most states, on divorce marital property is divided As outlined by what the court decides is equitable. — movable property : property (as individual property or crops) that could be moved — personal property : property (being a auto) which is movable although not which includes crops or other means nonetheless connected to land : property other than real property a tax on the private property
— real property : property consisting of land, properties, crops, or other sources however attached to or in the land or advancements or fixtures completely hooked up into the land or maybe a framework on In addition it : an interest, gain, right, or privilege in these kinds of property
termed also immovable property — independent property : property of a husband or wife that's not community property or marital property Particularly : property acquired by a husband or wife before marriage or separately throughout marriage (as by present or normally by inheritance) — tangible property : property which has a tangible and corporeal existence and intrinsic economic worth on account of it the insurance policies coverage restricted property hurt protection to tangible property
These examples are programmatically compiled from a variety of on line sources As an example existing usage from the term 'property.' Any thoughts expressed while in the illustrations do not symbolize People of Merriam-Webster or its editors. Mail us suggestions about these examples.
— marital property : property obtained by possibly spouse through the study course of the marriage which is subject matter to division on divorce
see also asset, estate, interest sense 1, possession feeling 1e — deserted property : property to which the operator has relinquished all rights Be aware: When property is abandoned, the proprietor presents up the reasonable expectation of privacy regarding it. The finder of abandoned property is entitled to help keep it, plus a law enforcement officer may consider possession of abandoned property as proof devoid of violating the warranty against 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 personal bankruptcy situation and that's commonly thought of part of the bankruptcy estate : property acquired after the perfection of a lien or safety fascination In particular : these property obtained once the generation 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 of your will — common property : property owned or used by more than one party particularly : property owned or leased by tenants in frequent
ownership in indivision at ownership Be aware: The states possessing 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 legislation of Louisiana : tracts of land with their part areas — intangible property : property (for a inventory certification or Specialist license) that derives benefit not from its intrinsic physical nature but from what it represents — intellectual property
of not conducting heat character applies to a peculiar and unique top quality of a point or a class.
a : a high quality or trait belonging and especially peculiar to an individual or factor 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 class
a : one thing owned or possessed especially : a piece of real estate b : the exclusive right to have, love, and eliminate a issue : possession c : one thing to which an individual or company features a legal title d : a person (for instance a performer) that is beneath agreement and whose function is especially important e : a reserve or script ordered more info for publication or creation
property implies a characteristic that belongs to a 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 needs to be A part of the gross estate in the surviving spouse at his / her individual Demise, in which it's subject to taxation.