The best Side of property

The best Side of property

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prevalent property Local community property mental property particular property property problems property problems insurance property right property tax public property

Evaluate tenancy in popular at tenancy — Group property : property held jointly by spouse and wife specially : property In particular from employment obtained by both partner following relationship that may be deemed in states getting a Neighborhood property technique to belong to both of those spouses as undivided one particular-half pursuits

from the Company : property belonging to a specific person — capable terminable interest property : property passing to some surviving partner that qualifies for the marital deduction Should the executor so elects delivering the wife or husband is entitled to get revenue in payments designed at the very least yearly for all times and that not one person has a power to appoint any Element of the property to anyone other than the surviving spouse

see also antenuptial arrangement Take note: In most states, upon divorce marital property is divided according to just what the court decides is equitable. — movable property : property (as particular property or crops) which might be moved — personal property : property (like a auto) which is movable although not such as crops or other methods nonetheless hooked up to land : property other than real property a tax on the personal property

— real property : property consisting of land, structures, crops, or other methods continue to hooked up to or within the land or improvements or fixtures forever hooked up to the land or perhaps a structure on In addition, it : an fascination, profit, ideal, or privilege in such property

known as also immovable property — individual property : property of the spouse that isn't Group property or marital property Specifically : property obtained by a spouse just before relationship or individually for the duration of relationship (as by reward or frequently by inheritance) — tangible property : property that features a tangible and corporeal existence and intrinsic financial value on account of it the coverage policy restricted property injury coverage to tangible property

These illustrations are programmatically compiled from various on the internet resources to illustrate existing use of your word 'property.' Any thoughts expressed from the illustrations don't symbolize All those of Merriam-Webster or its editors. Mail us suggestions about these examples.

— marital property : property obtained by possibly wife or husband in the course of the relationship that is matter to division upon divorce

see also asset, estate, interest sense one, possession feeling 1e — deserted property : property to which the proprietor has relinquished all rights Be aware: When property is abandoned, the proprietor gives up the affordable expectation of privacy about it. The finder of deserted property is entitled to maintain it, and also a law enforcement officer could consider possession of deserted property as proof with no violating the ensure towards unreasonable lookups and seizures from the Fourth Amendment towards the U.S. Structure. — immediately after-acquired property : property (as proceeds) that a debtor acquires once the commencement of a bankruptcy scenario and that is usually thought of part of the individual bankruptcy estate : property obtained once the perfection of the lien or protection curiosity Specifically : this sort of property acquired after the creation of a lien or stability desire that is definitely subject matter for the lien or turns into collateral for the security desire : property transferred into the estate of the decedent right after execution from the will — common property : property owned or employed by multiple occasion exclusively : property owned or leased by tenants in widespread

ownership in indivision at ownership Take note: The states obtaining Neighborhood property regulations are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property in this entry specifically, during the civil legislation of Louisiana : tracts of land with their element parts — intangible property : property (to be a inventory certificate or Expert license) that derives benefit not from its intrinsic Actual physical character but from what it represents — mental property

of not conducting warmth character applies to a peculiar and distinctive excellent of the factor or a category.

a : an outstanding or trait belonging and especially peculiar to an individual or detail b : an influence that an object has on A further item or within the senses c : virtue feeling 2 d : an attribute common to all customers of a class

a : a little something owned or possessed specially : a piece of real estate b : the special appropriate to possess, take pleasure in, and dispose of a matter : ownership c : a little something to which someone or company contains a authorized title d : a person (like a performer) click here who is underneath contract and whose get the job done is particularly important e : a ebook or script obtained for publication or production

property indicates a characteristic that belongs to your factor's necessary character and should be utilized to explain a type or species.

see also QTIP rely on at have faith in Take note: Below federal tax regulation the property should be A part of the gross estate of the surviving husband or wife at his or her possess Dying, in which it is actually matter to taxation.