The Single Best Strategy To Use For property

The Single Best Strategy To Use For property

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Evaluate tenancy in prevalent at tenancy — community property : property held jointly by spouse and wife specially : property Particularly from work acquired by possibly spouse soon after marriage that may be deemed in states getting a Local community property method to belong to the two spouses as undivided a single-fifty percent passions

of your Company : property belonging to a particular particular person — certified terminable curiosity property : property passing to your surviving wife or husband that qualifies for the marital deduction When the executor so elects offering the husband or wife is entitled to acquire income in payments manufactured not less than each year for life Which no one has a power to appoint any Section of the property to anyone other than the surviving husband or wife

see also antenuptial arrangement Be aware: In most states, on divorce marital property is divided In line with what the courtroom establishes is equitable. — movable property : property (as individual property or crops) that could be moved — individual property : property (to be a automobile) that may be movable but not which include crops or other sources even now attached to land : property aside 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 improvements or fixtures completely hooked up to the land or even a composition on Additionally, it : an fascination, profit, proper, or privilege in these property

called also immovable property — independent property : property of the spouse that isn't Local community property or marital property especially : property acquired by a husband or wife right before marriage or independently through marriage (as by gift or usually by inheritance) — tangible property : property which has a tangible and corporeal existence and intrinsic financial worth thanks to it the insurance coverage coverage limited property damage coverage to tangible property

These illustrations are programmatically compiled from a variety of on the web resources As an instance present-day use on the word 'property.' Any opinions expressed from the illustrations usually do not represent Those people of Merriam-Webster or its editors. Send out us opinions about these examples.

— marital property : property obtained by possibly partner during the training course of a marriage that is certainly issue to division on divorce

see also asset, estate, interest sense 1, possession sense 1e — abandoned property : property to which the proprietor has relinquished all rights Note: When property is deserted, the operator presents up the fair expectation of privateness regarding it. The finder of abandoned property is entitled to help keep it, plus a police officer may get possession of abandoned property as evidence devoid of violating the warranty against unreasonable lookups and seizures while in the Fourth Modification into the U.S. Constitution. — following-acquired property : property (as proceeds) that a debtor acquires following the commencement of the bankruptcy situation and that is normally viewed as Component of the individual bankruptcy estate : property acquired after the perfection of a lien or safety curiosity Specially : these property obtained once the generation of the lien or security interest that's topic for the lien or turns into collateral for the security fascination : property transferred on the estate of the decedent immediately 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 laws are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property Within this entry particularly, within the civil regulation of Louisiana : tracts of land with their part parts — intangible property : property (being a stock certification or professional license) that derives value not from its intrinsic Actual physical character but from what it signifies — intellectual property

of not conducting warmth character applies to a peculiar and exclusive good quality of the factor or a category.

a : a quality or trait belonging and especially peculiar to somebody or factor b : an outcome that an item has on another object or on the senses c : virtue sense 2 d : an attribute common to all members of a category

a : a little something owned or possessed precisely : a bit of real estate b : the special suitable to have, get pleasure from, and get rid of a point : ownership c : one thing to which an individual or company features a legal title d : one (for instance a performer) that is underneath agreement and whose operate is particularly beneficial e : a guide or script purchased for publication or production

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

see also QTIP have confidence in at believe in Be aware: Under federal tax regulation the property needs to be A part of the gross estate in the surviving partner at his or her click here have Dying, the place it really is topic to taxation.