Not known Facts About property
Not known Facts About property
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widespread property Group property mental property individual property property destruction property injury insurance policy property right property tax general public property
Examine tenancy in common at tenancy — Local community property : property held jointly by husband and spouse exclusively : property Particularly from work acquired by possibly partner immediately after marriage that may be deemed in states having a Local community property system to belong to both equally spouses as undivided just one-half pursuits
from the corporation : property belonging to a selected particular person — qualified terminable fascination property : property passing to a surviving husband or wife that qualifies with the marital deduction In case the executor so elects giving that the husband or wife is entitled to receive earnings in payments built at the least annually for life Which no-one has an influence to appoint any A part of the property to anyone besides the surviving spouse
see also antenuptial arrangement Take note: In most states, on divorce marital property is split Based on exactly what the court docket decides is equitable. — movable property : property (as particular property or crops) that can be moved — private property : property (for a car) that is certainly movable but not including crops or other assets nevertheless hooked up to land : property apart from real property a tax on the private property
— real property : property consisting of land, properties, crops, or other sources even now hooked up to or throughout the land or enhancements or fixtures forever attached on the land or simply a construction on What's more, it : an interest, reward, ideal, or privilege in this kind of property
named also immovable property — independent property : property of a husband or wife that's not Group property or marital property In particular : property acquired by a partner in advance of relationship or individually for the duration of relationship (as by gift or typically by inheritance) — tangible property : property that includes a tangible and corporeal existence and intrinsic economic worth on account of it the insurance plan plan restricted property problems protection to tangible property
These illustrations are programmatically compiled from various on-line sources As an example recent use with the term 'property.' Any opinions expressed within the examples don't characterize Those people of Merriam-Webster or its editors. Deliver us feedback about these illustrations.
— marital property : property acquired by either spouse throughout the training course of a marriage that's subject 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 Take note: When property is abandoned, the owner gives up the reasonable expectation of privateness about it. The finder of deserted property is entitled to help keep it, plus a police officer could choose possession of abandoned property as evidence without having violating the guarantee versus unreasonable lookups and seizures from the Fourth Modification for the U.S. Structure. — just after-acquired property : property (as proceeds) that a debtor acquires once the commencement of the personal bankruptcy case and that is usually considered part of the individual bankruptcy estate : property obtained once the perfection of the lien or safety curiosity especially : these types of property obtained following the development of the lien or stability fascination that is certainly topic towards the lien or becomes collateral for the safety fascination : property transferred into the estate of the decedent after execution from the will — typical property : property owned or utilized by more than one bash specially : property owned or leased by tenants in widespread
ownership in indivision at possession Notice: 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 (for a inventory certificate or professional license) that derives worth not from its intrinsic physical nature but from what it signifies — intellectual property
of not conducting heat character applies to a peculiar and unique good quality of the issue or a category.
a : an outstanding or trait belonging and especially peculiar to somebody or issue b : an result that an item has on An additional item or within the senses c : advantage feeling two d : an attribute get more info widespread to all members of a category
a : some thing owned or possessed specially : a piece of real estate b : the exclusive right to have, get pleasure from, and dispose of a issue : ownership c : anything to which a person or small business provides a authorized title d : one particular (like a performer) who's below contract and whose work is very precious e : a e book or script acquired for publication or creation
property implies a characteristic that belongs to a detail's critical mother nature and should be employed to describe a type or species.
see also QTIP trust at belief Observe: Beneath federal tax legislation the property needs to be included in the gross estate on the surviving wife or husband at their individual death, exactly where it is issue to taxation.