property - An Overview

property - An Overview

Blog Article

widespread property Local community property mental property particular property property problems property hurt coverage property ideal property tax general public property

Assess tenancy in frequent at tenancy — Neighborhood property : property held jointly by partner and spouse particularly : property Particularly from employment obtained by both partner following relationship that is definitely deemed in states possessing a Group property process to belong to equally spouses as undivided a single-half pursuits

on the corporation : property belonging to a selected particular person — competent terminable interest property : property passing to the surviving husband or wife that qualifies for the marital deduction Should the executor so elects giving that the husband or wife is entitled to obtain income in payments designed at the least yearly for all times and that not a soul has an influence to appoint any A part of the property to anyone aside from the surviving wife or husband

see also antenuptial arrangement Note: In the majority of states, upon divorce marital property is split In accordance with just what the courtroom determines is equitable. — movable property : property (as personalized property or crops) that can be moved — particular property : property (as being a car or truck) which is movable although not like crops or other assets still connected to land : property other than real property a tax on the private property

— real property : property consisting of land, properties, crops, or other assets continue to connected to or throughout the land or improvements or fixtures completely attached to your land or a construction on it also : an curiosity, profit, ideal, or privilege in these kinds of property

called also immovable property — independent property : property of the spouse that is not Local community property or marital property especially : property acquired by a husband or wife before marriage or individually for the duration of marriage (as by present or normally by inheritance) — tangible property : property that has a tangible and corporeal existence and intrinsic economic price thanks to it the insurance policy coverage limited property harm coverage to tangible property

These illustrations are programmatically compiled from many on-line sources As an instance present-day usage in the phrase 'property.' Any viewpoints expressed in the examples tend not to stand for These of Merriam-Webster or its editors. Deliver us opinions about these illustrations.

— marital property : property obtained by possibly spouse in the course of the course of a marriage that's matter to division on divorce

see also asset, estate, fascination perception one, possession perception 1e — deserted property : property to which the owner has relinquished all legal rights Note: When property is abandoned, the owner gives up the sensible expectation of privacy regarding it. The finder of abandoned property is entitled to help keep it, plus a law enforcement officer may possibly just take possession of deserted property as proof devoid of violating the assurance versus unreasonable lookups and seizures during the Fourth Modification into the U.S. Structure. — just after-obtained property : property (as proceeds) that a debtor acquires after the commencement of a bankruptcy situation and that is usually regarded as A part of the bankruptcy estate : property acquired after the perfection of a lien or stability desire In particular : these property obtained following the development of a lien or security click here desire that is definitely subject matter to your lien or will become collateral for the safety curiosity : property transferred towards the estate of a decedent after execution of your will — prevalent property : property owned or utilized by more than one party precisely : property owned or leased by tenants in prevalent

ownership in indivision at ownership Note: The states owning community property laws are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property During this entry specially, inside the civil law of Louisiana : tracts of land with their component pieces — intangible property : property (to be a inventory certificate or Expert license) that derives value not from its intrinsic Actual physical character but from what it represents — mental property

of not conducting heat character applies to a peculiar and exclusive good quality of the matter or a class.

a : a quality or trait belonging and particularly peculiar to a person or factor b : an outcome that an item has on Yet another item or to the senses c : virtue sense two d : an attribute typical to all associates of a class

a : a thing owned or possessed especially : a bit of real estate b : the distinctive right to have, appreciate, and eliminate a issue : ownership c : a little something to which someone or business incorporates a legal title d : one particular (such as a performer) that is under agreement and whose do the job is particularly valuable e : a ebook or script purchased for publication or creation

property implies a attribute that belongs to a issue's essential character and could be employed to explain a type or species.

see also QTIP rely on at believe in Be aware: Less than federal tax law the property need to be included in the gross estate on the surviving wife or husband at their individual Loss of life, wherever it is matter to taxation.