New Step by Step Map For property
New Step by Step Map For property
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Evaluate tenancy in widespread at tenancy — Group property : property held jointly by partner and spouse specially : property In particular from work acquired by either spouse after relationship that is certainly deemed in states having a Group property process to belong to both equally spouses as undivided a person-50 percent interests
in the corporation : property belonging to a particular human being — experienced terminable desire property : property passing to your surviving husband or wife that qualifies for that marital deduction If your executor so elects delivering the spouse is entitled to acquire income in payments designed at the very least annually for all times and that not a soul has an influence to appoint any part of the property to anyone apart from the surviving wife or husband
see also antenuptial arrangement Be aware: For most states, upon divorce marital property is split Based on just what the courtroom establishes is equitable. — movable property : property (as private property or crops) that can be moved — personalized property : property (as being a vehicle) that may be movable but not together with crops or other assets continue to connected to land : property other than real property a tax on the private property
— real property : property consisting of land, buildings, crops, or other assets still connected to or within the land or enhancements or fixtures permanently connected to the land or possibly a composition on In addition, it : an fascination, benefit, proper, or privilege in such property
named also immovable property — different property : property of a husband or wife that's not Neighborhood property or marital property Primarily : property acquired by a husband or wife right before marriage or independently all through marriage (as by present or generally by inheritance) — tangible property : property that has a tangible and corporeal existence and intrinsic economic price because of it the insurance coverage coverage limited property damage coverage to tangible property
These examples are programmatically compiled from different on the net resources to illustrate present utilization on the term 'property.' Any viewpoints expressed within the examples tend not to characterize Those people of Merriam-Webster or its editors. Send out us feedback about these examples.
— marital property : property acquired by both husband or wife in the course of a marriage which is matter to division on divorce
see also asset, estate, desire perception one, possession perception 1e — abandoned property : property to which the owner has relinquished all legal rights Note: When property is abandoned, the owner gives up the sensible expectation of privacy relating to it. The finder of deserted property is entitled to help keep it, and also a law enforcement officer may perhaps choose possession of deserted property as proof without the need of violating the guarantee versus unreasonable lookups and seizures from the Fourth Modification on the U.S. Constitution. — right after-acquired property : property (as proceeds) that a debtor acquires after the commencement of a individual bankruptcy circumstance and that's commonly considered part of the bankruptcy estate : property obtained after the perfection of a lien or security fascination Specially : these kinds of property acquired following the creation of a lien or security interest that may be issue into the lien or will become collateral for the safety curiosity : property transferred for the estate of a decedent after execution of your will — prevalent property : property owned or utilized by more than one party specifically : property owned or leased by tenants in popular
possession in indivision at ownership Note: The states owning Group property rules are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property On this entry precisely, in the civil regulation of Louisiana : tracts of land with their element elements — intangible property : property (as a inventory certification or Skilled license) that derives benefit not from its intrinsic Bodily character but from check here what it represents — mental property
of not conducting heat character applies to a peculiar and distinct good quality of a thing or a class.
a : a high quality or trait belonging and particularly peculiar to an individual or thing b : an result that an object has on A different object or over the senses c : virtue sense two d : an attribute typical to all users of a class
a : something owned or possessed especially : a bit of real estate b : the unique ideal to possess, delight in, and eliminate a issue : possession c : one thing to which a person or organization provides a lawful title d : a single (like a performer) that is underneath deal and whose function is particularly valuable e : a ebook or script acquired for publication or manufacturing
property indicates a characteristic that belongs to some matter's necessary nature and should be used to describe a sort or species.
see also QTIP have confidence in at rely on Be aware: Underneath federal tax law the property has to be A part of the gross estate of the surviving husband or wife at his / her own Loss of life, wherever it's matter to taxation.