Not known Facts About property

Not known Facts About property

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common property Local community property intellectual property personal property property problems property injury insurance coverage property right property tax community property

Evaluate tenancy in popular at tenancy — Local community property : property held jointly by husband and spouse exclusively : property especially from work acquired by possibly spouse just after marriage that's considered in states possessing a Group property program to belong to both spouses as undivided one particular-half passions

of the corporation : property belonging to a selected particular person — qualified terminable curiosity property : property passing to the surviving spouse that qualifies for the marital deduction When the executor so elects giving that the husband or wife is entitled to receive profits in payments produced no less than each year for all times and that no person has a power to appoint any Element of the property to any person besides the surviving spouse

see also antenuptial arrangement Take note: In many states, on divorce marital property is divided In accordance with just what the court establishes is equitable. — movable property : property (as individual property or crops) which can be moved — individual property : property (like a car or truck) that's movable although not together with crops or other sources even now hooked up to land : property other than 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 within the land or enhancements or fixtures completely hooked up into the land or even a framework on In addition it : an interest, advantage, appropriate, or privilege in these types of property

known as also immovable property — individual property : property of the wife or husband that is not Neighborhood property or marital property Specially : property obtained by a husband or wife right before marriage or independently throughout marriage (as by present or generally by inheritance) — tangible property : property that includes a tangible and corporeal existence and intrinsic financial value because of it the insurance coverage coverage limited property hurt protection to tangible property

These illustrations are programmatically compiled from various on-line sources As an example recent utilization with the term 'property.' Any viewpoints expressed during the examples don't signify Individuals of Merriam-Webster or its editors. Ship us opinions about these illustrations.

— marital property : property obtained by both husband or wife over the study course of the relationship that is definitely subject to division upon divorce

see also asset, estate, curiosity feeling 1, possession sense 1e — abandoned property : property to which the operator has relinquished all legal rights Observe: When property is abandoned, the operator gives up the reasonable expectation of privateness relating to it. The finder of abandoned property is entitled to keep it, and a law enforcement officer could get possession of abandoned property as evidence without the need of violating the promise against unreasonable lookups and seizures during the Fourth Modification on the U.S. Constitution. — right after-acquired property : property (as proceeds) that a debtor acquires once the commencement of a bankruptcy case and that's normally considered part of the individual bankruptcy estate : property acquired after the perfection of the lien or safety desire Specially : this kind of property acquired once the development of a lien or stability fascination that is certainly topic on the lien or will become collateral for the security curiosity : property transferred into the estate of a decedent following execution of your will — widespread property : property owned or used by multiple social gathering particularly : property owned or leased america property by tenants in prevalent

ownership in indivision at ownership Notice: The states getting community property legislation are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property In this particular entry especially, in the civil legislation of Louisiana : tracts of land with their element parts — intangible property : property (being a inventory certificate or Expert license) that derives price not from its intrinsic physical character but from what it represents — mental property

of not conducting heat character relates to a peculiar and unique quality of the thing or a class.

a : an excellent or trait belonging and especially peculiar to somebody or factor b : an outcome that an object has on A further object or to the senses c : virtue perception 2 d : an attribute popular to all customers of a class

a : a thing owned or possessed especially : a bit of real estate b : the distinctive correct to have, appreciate, and get rid of a thing : ownership c : anything to which a person or small business has a authorized title d : a person (like a performer) that's beneath deal and whose perform is very useful e : a reserve or script bought for publication or generation

property indicates a characteristic that belongs into a detail's crucial mother nature and may be utilised to describe a kind or species.

see also QTIP trust at have faith in Note: Underneath federal tax regulation the property has to be A part of the gross estate from the surviving husband or wife at his or her very own Dying, exactly where it truly is subject to taxation.