Not known Facts About property

Not known Facts About property

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prevalent property Neighborhood property intellectual property personal property property hurt property harm insurance coverage property suitable property tax public property

Assess tenancy in popular at tenancy — community property : property held jointly by spouse and spouse especially : property Primarily from employment obtained by possibly spouse soon after relationship which is considered in states using a community property process to belong to the two spouses as undivided a single-50 % interests

on the Company : property belonging to a particular particular person — capable terminable interest property : property passing to some surviving husband or wife that qualifies with the marital deduction In case the executor so elects supplying which the partner is entitled to acquire revenue in payments built no less than yearly for all times Which no person has an influence to appoint any A part of the property to anyone in addition to the surviving spouse

see also antenuptial settlement Be aware: In the majority of states, upon divorce marital property is split according to exactly what the court docket decides is equitable. — movable property : property (as particular property or crops) that may be moved — personalized property : property (as a motor vehicle) that is movable but not which include crops or other resources even now hooked up to land : property apart from real property a tax on the non-public property

— real property : property consisting of land, buildings, crops, or other assets continue to attached to or in the land or advancements or fixtures permanently connected into the land or even a framework on it also : an curiosity, gain, right, or privilege in these kinds of property

termed also immovable property — independent property : property of the wife or husband that is not Neighborhood property or marital property In particular : property acquired by a partner in advance of relationship or individually for the duration of 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 numerous on the internet resources For example present utilization with the word 'property.' Any thoughts expressed while in the illustrations do not signify People of Merriam-Webster or its editors. Mail us feedback about these examples.

— marital property : property obtained by possibly wife or husband throughout the training course of the relationship that may be 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 deserted, the owner gives up the fair expectation of privacy about it. The finder of deserted property is entitled to keep it, and also a law enforcement officer may possibly choose possession of abandoned property as evidence without the need of violating the guarantee towards unreasonable queries and seizures from the Fourth Modification into asia property the U.S. Constitution. — following-acquired property : property (as proceeds) that a debtor acquires following the commencement of the individual bankruptcy circumstance and that's usually regarded as Portion of the personal bankruptcy estate : property obtained once the perfection of the lien or stability desire especially : this kind of property acquired after the development of the lien or protection fascination that is definitely issue into the lien or becomes collateral for the security interest : property transferred towards the estate of a decedent right after execution on the will — widespread property : property owned or utilized by multiple occasion precisely : property owned or leased by tenants in common

ownership in indivision at ownership Note: The states having community property regulations are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property Within this entry especially, inside the civil legislation of Louisiana : tracts of land with their element elements — intangible property : property (like a stock certificate or Skilled license) that derives worth not from its intrinsic Bodily nature but from what it represents — intellectual property

of not conducting heat character applies to a peculiar and distinctive quality of a point or a class.

a : a top quality or trait belonging and especially peculiar to a person or point b : an impact that an object has on An additional object or on the senses c : virtue perception two d : an attribute prevalent to all customers of a category

a : anything owned or possessed exclusively : a piece of real estate b : the distinctive proper to possess, appreciate, and dispose of a thing : possession c : a little something to which anyone or small business provides a authorized title d : a single (like a performer) who's under contract and whose do the job is very precious e : a ebook or script acquired for publication or creation

property implies a characteristic that belongs to the detail's necessary character and will be employed to describe a sort or species.

see also QTIP belief at rely on Observe: Beneath federal tax legislation the property should be included in the gross estate of your surviving husband or wife at her or his very own death, where it is actually subject matter to taxation.