property No Further a Mystery
property No Further a Mystery
Blog Article
popular property community property mental property personalized property property injury property damage coverage property appropriate property tax public property
Review tenancy in typical at tenancy — Group property : property held jointly by spouse and spouse exclusively : property especially from work acquired by both spouse immediately after marriage that may be deemed in states aquiring a Neighborhood property system to belong to equally spouses as undivided one-50 percent interests
on the corporation : property belonging to a certain particular person — qualified terminable interest property : property passing to your surviving spouse that qualifies for that marital deduction When the executor so elects giving that the husband or wife is entitled to receive cash flow in payments made at the least yearly for all times and that no person 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, upon divorce marital property is split Based on just what the court decides is equitable. — movable property : property (as own property or crops) that may be moved — particular property : property (as being a motor vehicle) that is movable but not together with crops or other sources even now hooked up to land : property apart 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 advancements or fixtures permanently connected into the land or perhaps a framework on it also : an curiosity, gain, right, or privilege in this sort of property
identified as also immovable property — separate property : property of a husband or wife that is not Neighborhood property or marital property Specially : property obtained by a spouse ahead of relationship or independently through marriage (as by present or generally by inheritance) — tangible property : property that has a tangible and corporeal existence and intrinsic economic price as a consequence of it the insurance coverage coverage limited property destruction coverage to tangible property
These examples are programmatically compiled from many on line sources For instance present usage read more of the word 'property.' Any opinions expressed during the illustrations will not depict Individuals of Merriam-Webster or its editors. Deliver us suggestions about these examples.
— marital property : property acquired by either spouse in the class of the relationship that may be topic to division upon divorce
see also asset, estate, curiosity sense 1, possession sense 1e — deserted property : property to which the operator has relinquished all legal rights Observe: When property is abandoned, the operator presents up the acceptable expectation of privacy concerning it. The finder of deserted property is entitled to help keep it, as well as a law enforcement officer may possibly get possession of abandoned property as proof with out violating the guarantee towards unreasonable searches and seizures in the Fourth Modification into the U.S. Structure. — after-acquired property : property (as proceeds) that a debtor acquires following the commencement of the personal bankruptcy scenario and that's ordinarily considered A part of the personal bankruptcy estate : property acquired following the perfection of the lien or protection fascination In particular : these types of property acquired after the creation of a lien or safety curiosity that is certainly subject matter to your lien or turns into collateral for the security fascination : property transferred for the estate of the decedent soon after execution with the will — popular property : property owned or employed by multiple party specifically : property owned or leased by tenants in common
ownership in indivision at ownership Notice: The states having Local community property regulations are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property In this particular entry specially, from the civil regulation of Louisiana : tracts of land with their ingredient sections — intangible property : property (for a inventory certification or Qualified license) that derives price not from its intrinsic Actual physical mother nature but from what it signifies — mental property
of not conducting warmth character relates to a peculiar and exclusive good quality of a point or a class.
a : a top quality or trait belonging and especially peculiar to a person or point b : an result that an object has on Yet another object or within the senses c : virtue sense 2 d : an attribute popular to all associates of a class
a : some thing owned or possessed particularly : a bit of real estate b : the special suitable to have, get pleasure from, and get rid of a point : ownership c : some thing to which a person or company has a lawful title d : a person (for instance a performer) that is beneath agreement and whose function is especially important e : a reserve or script procured for publication or generation
property indicates a characteristic that belongs to the issue's vital character and may be used to explain a sort or species.
see also QTIP have faith in at have confidence in Be aware: Under federal tax law the property needs to be A part of the gross estate on the surviving partner at his or her own Dying, wherever it truly is topic to taxation.