The best Side of property

The best Side of property

Blog Article

prevalent property community property mental property personal property property hurt property damage insurance plan property right property tax community property

compare tenancy in typical at tenancy — Group property : property held jointly by spouse and spouse particularly : property Specially from employment obtained by possibly husband or wife following marriage that is definitely deemed in states getting a Group property program to belong to both of those spouses as undivided a single-fifty percent pursuits

in the Company : property belonging to a specific human being — competent terminable fascination property : property passing to a surviving husband or wife that qualifies for your marital deduction If your executor so elects delivering which the partner is entitled to get earnings in payments designed not less than each year for all times Which nobody has an influence to appoint any Portion of the property to anyone apart from the surviving wife or husband

see also antenuptial agreement Observe: In most states, on divorce marital property is split In accordance with just what the court decides is equitable. — movable property : property (as personal property or crops) which can be moved — own property : property (like a car or truck) that's movable although not together with crops or other sources however 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 methods continue to connected to or in the land or improvements or fixtures permanently connected to the land or even a framework on it also : an curiosity, gain, right, or privilege in these kinds of property

termed also immovable property — independent property : property of a husband or wife that's not community property or marital property Specifically : property obtained by a wife or husband prior to relationship or separately during 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 coverage coverage limited property destruction coverage to tangible property

These examples are programmatically compiled from a variety of on line resources For instance recent use of the word 'property.' Any thoughts expressed from the illustrations don't stand for All those of Merriam-Webster or its editors. Mail us suggestions about these examples.

— marital property : property obtained by possibly spouse through the system of the relationship that's matter to division on divorce

see also asset, estate, desire sense 1, possession feeling 1e — deserted property : property to which the operator has relinquished all legal rights Note: When property is deserted, the operator gives up the affordable expectation of privacy regarding it. The finder of deserted property is entitled to maintain it, in addition more info to a police officer might get possession of deserted property as proof without the need of violating the guarantee against unreasonable searches and seizures inside the Fourth Modification to your U.S. Structure. — after-acquired property : property (as proceeds) that a debtor acquires after the commencement of a personal bankruptcy scenario and that's commonly thought of part of the bankruptcy estate : property acquired after the perfection of a lien or safety curiosity Specially : these property obtained once the generation of the lien or stability desire that is subject towards the lien or turns into collateral for the security curiosity : property transferred on the estate of a decedent soon after execution with the will — prevalent property : property owned or employed by multiple occasion 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 in this entry specifically, in the civil law of Louisiana : tracts of land with their element areas — intangible property : property (being a stock certificate or Skilled license) that derives worth not from its intrinsic Bodily nature but from what it represents — intellectual property

of not conducting heat character applies to a peculiar and distinctive quality of the detail or a category.

a : an excellent or trait belonging and particularly peculiar to someone or matter b : an influence that an item has on One more object or within 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 exceptional suitable to have, get pleasure from, and get rid of a point : ownership c : some thing to which a person or business has a lawful title d : just one (for instance a performer) that is beneath contract and whose function is especially valuable e : a reserve or script procured for publication or generation

property indicates a characteristic that belongs to some factor's essential mother nature and could be applied to explain a kind or species.

see also QTIP believe in at trust Take note: Underneath federal tax legislation the property has to be included in the gross estate of the surviving wife or husband at her or his possess Loss of life, exactly where it is issue to taxation.