property No Further a Mystery

property No Further a Mystery

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popular property Local community property mental property particular property property destruction property hurt insurance plan property appropriate property tax public property

Evaluate tenancy in common at tenancy — Group property : property held jointly by spouse and wife especially : property Specifically from work acquired by either wife or husband right after relationship that is certainly deemed in states getting a Group property program to belong to both spouses as undivided just one-50 percent interests

of your corporation : property belonging to a selected particular person — capable terminable curiosity property : property passing to your surviving partner that qualifies for the marital deduction In case the executor so elects providing which the spouse is entitled to get income in payments made not less than per year for all times and that not a soul has a power to appoint any Component of the property to any person aside from the surviving spouse

see also antenuptial arrangement Observe: In the majority of states, on divorce marital property is split according to what the court determines is equitable. — movable property : property (as private property or crops) that could be moved — personal property : property (as being a motor vehicle) that is movable but not like crops or other means even now 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 resources still connected to or in the land or advancements or fixtures permanently connected into the land or perhaps a construction on Furthermore, it : an fascination, reward, appropriate, or privilege in these property

known as also immovable property — independent property : property of a partner that isn't Local community property or marital property In particular : property obtained by a husband or wife in advance of relationship or separately through relationship (as by present or generally by inheritance) — tangible property : property that features a tangible and corporeal existence and intrinsic financial price thanks to it the insurance policy limited property harm coverage to tangible property

These examples are programmatically compiled from various on-line sources For instance current usage from the word 'property.' Any opinions expressed during the illustrations will not characterize All those of Merriam-Webster or its editors. Mail us feed-back about these illustrations.

— marital property : property obtained by possibly husband or wife during the course of a relationship that is certainly issue to division upon divorce

see also asset, estate, desire perception 1, possession sense 1e — deserted property : property to which the operator has relinquished all legal rights Observe: When property is abandoned, the owner gives up the reasonable expectation of privateness relating to it. The finder of abandoned property is entitled to help keep it, as well as a police officer may take possession of deserted property as proof without the need of violating the assurance towards unreasonable queries and seizures within the Fourth Amendment into the U.S. Structure. — immediately after-obtained property : property (as proceeds) that a debtor acquires once the commencement of the personal bankruptcy situation and that is usually considered Element of the individual bankruptcy estate : property acquired after the perfection of the lien or protection curiosity especially : these types of property acquired after the generation of the lien or security desire that is definitely matter towards the lien or gets to be collateral for the safety curiosity : property transferred to the estate of a decedent immediately after execution on the will — typical property : property owned or employed by more than one celebration precisely : property owned or leased by tenants in widespread

ownership in indivision at click here possession Observe: The states obtaining community property laws are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property With this entry especially, within the civil regulation of Louisiana : tracts of land with their part components — intangible property : property (for a inventory certification or Experienced license) that derives worth not from its intrinsic physical character but from what it signifies — intellectual property

of not conducting warmth character applies to a peculiar and distinct good quality of a detail or a category.

a : a top quality or trait belonging and especially peculiar to somebody or issue b : an result that an object has on Yet another object or on the senses c : advantage sense two d : an attribute common to all associates of a class

a : a thing owned or possessed especially : a bit of real estate b : the distinctive appropriate to possess, take pleasure in, and get rid of a point : ownership c : anything to which a person or small business features a authorized title d : one (for instance a performer) that's underneath agreement and whose operate is particularly beneficial e : a guide or script purchased for publication or output

property indicates a attribute that belongs to some matter's important character and should be utilised to describe a kind or species.

see also QTIP believe in at believe in Note: Beneath federal tax regulation the property has to be A part of the gross estate of the surviving partner at his / her personal Demise, where it really is issue to taxation.