The best Side of property

The best Side of property

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prevalent property Neighborhood property mental property private property property destruction property destruction coverage property appropriate property tax public property

Review tenancy in frequent at tenancy — Group property : property held jointly by spouse and spouse exclusively : property Particularly from work acquired by both wife or husband soon after marriage that is definitely deemed in states aquiring a Neighborhood property procedure to belong to the two spouses as undivided a person-50 percent pursuits

on the corporation : property belonging to a selected person — competent terminable curiosity property : property passing to the surviving husband or wife that qualifies for the marital deduction If your executor so elects supplying which the partner is entitled to get earnings in payments produced at the least annually for all times and that not one person has a power to appoint any Component of the property to any person besides the surviving spouse

see also antenuptial agreement Note: In many states, upon divorce marital property is divided Based on what the courtroom determines is equitable. — movable property : property (as particular property or crops) that may be moved — particular property : property (as a automobile) that is certainly movable although not together with crops or other assets continue to connected to land : property besides real property a tax on the personal property

— real property : property consisting of land, structures, crops, or other means nevertheless hooked up to or within the land or enhancements or fixtures forever attached on the land or simply a construction on What's more, it : an interest, reward, suitable, or privilege in this kind of property

named also immovable property — different 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 value as a result of it the insurance policies plan restricted property injury protection to tangible property

These illustrations are programmatically compiled from numerous on the web resources to illustrate existing utilization of your word 'property.' Any thoughts expressed while in the illustrations never signify People of Merriam-Webster or its editors. Mail us suggestions about these examples.

— marital property : property obtained by possibly spouse throughout the system of the relationship that is topic to division upon divorce

see also asset, estate, fascination perception one, possession sense 1e — abandoned property : property to which the proprietor has relinquished all legal rights Observe: When property is abandoned, the owner provides up the realistic expectation of privateness about it. The finder of abandoned property is entitled to keep it, as well as a law enforcement officer may well choose possession of abandoned property as evidence with out violating the ensure from unreasonable lookups and seizures during the Fourth Modification to the U.S. Constitution. — right after-acquired property : property (as proceeds) that a debtor acquires following the commencement of the individual bankruptcy circumstance and that is generally deemed Portion of the personal bankruptcy estate : property obtained once the perfection of the lien or stability desire Primarily : such property acquired after the creation of a lien or security curiosity which is matter to your lien or will become collateral for the safety desire : property transferred into the estate of a decedent after execution from the will — typical property : property owned or used by more than one get together especially : property owned or leased by tenants in frequent

ownership in indivision at ownership Notice: The states possessing Neighborhood read more property rules 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 sections — intangible property : property (for a inventory certification or Qualified license) that derives benefit not from its intrinsic Actual physical mother nature but from what it signifies — mental property

of not conducting warmth character applies to a peculiar and unique good 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 item or over the senses c : advantage perception two d : an attribute widespread to all customers of a category

a : a little something owned or possessed especially : a bit of real estate b : the exclusive suitable to have, take pleasure in, and get rid of a thing : possession c : a little something to which someone or business incorporates a legal title d : one particular (for instance a performer) who's less than deal and whose get the job done is very worthwhile e : a ebook or script obtained for publication or manufacturing

property implies a characteristic that belongs to the point's necessary nature and should be made use of to describe a type or species.

see also QTIP rely on at trust Notice: Less than federal tax law the property has to be A part of the gross estate with the surviving husband or wife at their personal death, in which it can be subject to taxation.