The best Side of property

The best Side of property

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popular property Local community property mental property own property property damage property damage insurance policy property proper property tax community property

Examine tenancy in frequent at tenancy — community property : property held jointly by husband and spouse specifically : property especially from work obtained by both partner right after marriage that's deemed in states aquiring a Neighborhood property program to belong to the two spouses as undivided 1-half pursuits

with the Company : property belonging to a specific individual — qualified terminable desire property : property passing to your surviving husband or wife that qualifies for your marital deduction When the executor so elects providing which the partner is entitled to obtain income in payments built no less than every year for life Which no person has a power to appoint any Component of the property to any person apart from the surviving wife or husband

see also antenuptial arrangement Be aware: For most states, on divorce marital property is divided In keeping with exactly what the court establishes is equitable. — movable property : property (as private property or crops) that can be moved — own property : property (being a vehicle) that is definitely movable but not including crops or other methods nonetheless hooked up to land : property apart from real property a tax on the non-public property

— real property : property consisting of land, structures, crops, or other resources even now attached to or inside the land or advancements or fixtures completely hooked up for the land or simply a construction on it also : an fascination, benefit, appropriate, or privilege in such property

named also immovable property — separate property : property of a wife or husband that is not Local community property or marital property Particularly : property obtained by a spouse in advance of marriage or separately in the course of marriage (as by present or normally by inheritance) — tangible property : property which has a tangible and corporeal existence and intrinsic economic benefit due to it the insurance plan policy restricted property problems coverage to tangible property

These examples are programmatically compiled from many on the web resources For instance latest use with the word 'property.' Any thoughts expressed during the examples usually do not signify Individuals of Merriam-Webster or its editors. Ship us feedback about these examples.

— marital property : property obtained by possibly partner over the course of a relationship which is matter to division upon divorce

see also asset, estate, desire sense 1, possession feeling 1e — deserted property : property to which the operator has relinquished all rights Be aware: When property is abandoned, the proprietor offers up the fair expectation of privacy concerning it. The finder of abandoned property is entitled to help keep it, plus a law enforcement officer may perhaps get possession of abandoned property as evidence with out violating the assurance against unreasonable searches and seizures while in the Fourth Modification into the U.S. Constitution. — following-obtained property : property (as proceeds) that a debtor acquires once the commencement of the individual bankruptcy circumstance and that's normally regarded as Component of the bankruptcy estate : property obtained once the perfection of a lien or safety fascination In particular : such property acquired after the creation of a lien or safety curiosity that is certainly subject matter into the lien or becomes collateral for the security curiosity : property transferred website for the estate of the decedent immediately after execution with the will — popular property : property owned or used by more than one celebration specially : property owned or leased by tenants in frequent

ownership in indivision at ownership Take note: The states possessing community property guidelines are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property With this entry exclusively, within the civil legislation of Louisiana : tracts of land with their part sections — intangible property : property (to be a inventory certification or Experienced license) that derives benefit not from its intrinsic physical nature but from what it represents — intellectual property

of not conducting warmth character applies to a peculiar and exclusive good quality of a detail or a class.

a : an excellent or trait belonging and particularly peculiar to somebody or thing b : an effect that an object has on another item or around the senses c : virtue sense 2 d : an attribute popular to all customers of a class

a : a thing owned or possessed precisely : a bit of real estate b : the exceptional suitable to have, get pleasure from, and eliminate a point : possession c : some thing to which somebody or small business has a authorized title d : one (like a performer) that's underneath contract and whose operate is especially useful e : a e-book or script obtained for publication or creation

property indicates a characteristic that belongs into a detail's critical mother nature and should be utilized to explain a sort or species.

see also QTIP trust at trust Take note: Below federal tax legislation the property needs to be included in the gross estate from the surviving spouse at their individual death, in which it is subject to taxation.