New Step by Step Map For property

prevalent property Group property mental property individual property property destruction property hurt insurance policy property right property tax community property

Evaluate tenancy in prevalent at tenancy — Neighborhood property : property held jointly by partner and wife specifically : property In particular from employment obtained by either husband or wife right after relationship that is certainly deemed in states using a community property method to belong to both equally spouses as undivided 1-50 % interests

with the corporation : property belonging to a selected individual — capable terminable curiosity property : property passing to the surviving partner that qualifies with the marital deduction In the event the executor so elects furnishing the wife or husband is entitled to obtain profits in payments created not less than each year for all times and that not one person has a power to appoint any Section of the property to anyone apart from the surviving wife or husband

see also antenuptial agreement Observe: In most states, upon divorce marital property is split Based on exactly what the court decides is equitable. — movable property : property (as personal property or crops) that may be moved — personal property : property (being a vehicle) that may be movable but not which includes crops or other resources even now attached to land : property in addition to real property a tax on the personal property

— real property : property consisting of land, properties, crops, or other resources even now hooked up to or within the land or enhancements or fixtures forever attached on the land or simply a construction on Furthermore, it : an interest, advantage, suitable, or privilege in such property

named also immovable property — different property : property of a partner that isn't Group property or marital property Particularly : property obtained by a wife or husband prior to relationship or separately during marriage (as by present or normally by inheritance) — tangible property : property which has a tangible and corporeal existence and intrinsic financial benefit because of it the insurance policy plan limited property harm coverage to tangible property

These illustrations are programmatically compiled from many on-line sources As an instance current usage on the term 'property.' Any opinions expressed within the illustrations never signify Individuals of Merriam-Webster or its editors. Send out us feed-back about these examples.

— marital property : property acquired by both husband or wife in the program of a marriage that is definitely issue to division upon divorce

see also asset, estate, curiosity feeling one, possession perception 1e — abandoned property : property to which the owner has relinquished all rights Notice: When property is deserted, the operator gives up the affordable expectation of privacy relating to it. The finder of deserted property is entitled to maintain it, and a police officer could just take possession of deserted property as proof without violating the assure in opposition to unreasonable queries and seizures from the Fourth Modification to 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 constructing excellence regarded as Portion of the personal bankruptcy estate : property obtained once the perfection of the lien or stability interest especially : this kind of property acquired following the development of the lien or protection fascination that is definitely issue into the lien or becomes collateral for the security curiosity : property transferred for the estate of the decedent soon after execution with the will — prevalent property : property owned or employed by multiple bash 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 particularly, inside the civil legislation of Louisiana : tracts of land with their element elements — intangible property : property (being a stock certificate or Skilled license) that derives worth not from its intrinsic Bodily character but from what it represents — intellectual property

of not conducting heat character applies to a peculiar and unique high quality of a factor or a class.

a : a high quality or trait belonging and especially peculiar to an individual or factor b : an effect that an object has on another item or over the senses c : advantage perception two d : an attribute widespread to all customers of a class

a : one thing owned or possessed especially : a piece of real estate b : the unique correct to possess, enjoy, and dispose of a detail : possession c : a thing to which somebody or organization incorporates a authorized title d : a single (such as a performer) who is under deal and whose get the job done is very precious e : a ebook or script obtained for publication or manufacturing

property indicates a attribute that belongs into a point's important nature and could be made use of to explain a kind or species.

see also QTIP have confidence in at believe in Take note: Under federal tax regulation the property needs to be A part of the gross estate on the surviving partner at their own Dying, wherever it truly is matter to taxation.