Not known Facts About property

Not known Facts About property

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prevalent property Neighborhood property mental property personalized property property injury property problems insurance policies property proper property tax general public property

Assess tenancy in prevalent at tenancy — community property : property held jointly by spouse and wife specially : property Specially from work obtained by both spouse immediately after marriage that may be deemed in states aquiring a Local community property method to belong to both equally spouses as undivided 1-half passions

from the Company : property belonging to a specific human being — competent terminable desire property : property passing into a surviving spouse that qualifies for that marital deduction In case the executor so elects providing the partner is entitled to acquire revenue in payments built at the least annually for all times Which no-one has an influence to appoint any A part of the property to anyone other than the surviving wife or husband

see also antenuptial agreement Notice: In the majority of states, on divorce marital property is divided In accordance with just what the court decides is equitable. — movable property : property (as personal property or crops) which can be moved — personal property : property (like a auto) which is movable although not such as crops or other methods still connected to land : property in addition to real property a tax on the personal property

— real property : property consisting of land, properties, crops, or other resources nevertheless hooked up to or inside the land or enhancements or fixtures permanently attached for the land or possibly a composition on In addition, it : an desire, benefit, appropriate, or privilege in these types of property

referred to as 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 before marriage or individually in the course of marriage (as by reward or frequently by inheritance) — tangible property : property which has a tangible and corporeal existence and intrinsic economic price as a consequence of it the insurance coverage policy limited property problems protection to tangible property

These illustrations are programmatically compiled from many online resources For example current use of the word 'property.' Any opinions expressed inside the illustrations never signify People of Merriam-Webster or its editors. Mail us feedback about these examples.

— marital property : property obtained by both partner through the system of the relationship that is certainly subject matter to division upon divorce

see also asset, estate, fascination perception 1, possession sense 1e — abandoned property : property to which the proprietor has relinquished all legal rights Take note: When property is abandoned, the proprietor presents up the reasonable expectation of privacy regarding it. The finder of deserted property is entitled to maintain it, and a police officer could acquire possession of deserted property as evidence with out violating the ensure in opposition to unreasonable queries and seizures from the Fourth Modification to the U.S. Structure. — after-acquired property : property (as proceeds) that a debtor acquires following the commencement of a personal bankruptcy scenario and that's ordinarily considered A part of the bankruptcy estate : property acquired following the perfection of the lien or protection desire Primarily : such property acquired after the creation of a lien or safety fascination that is certainly subject matter into the lien or results in being collateral for the security interest : property transferred to the estate of a decedent following execution in the will — frequent property : property owned or utilized by multiple social gathering specially : property owned or leased by tenants in prevalent

possession in indivision at possession Take note: The states having community property regulations are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property Within this entry particularly, inside the civil legislation of Louisiana : tracts of land with their element elements — intangible property : property (like a stock certificate or Skilled license) that derives worth not from its intrinsic Bodily character but from what it represents — intellectual property

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

a : an outstanding or trait belonging and particularly peculiar to somebody or matter b : an influence that an item has on A different item or about the senses c : advantage feeling 2 d : an attribute typical to all associates of a class

a : some thing owned or possessed specifically : a piece of real estate b : the special ideal to have, delight in, and get rid of a issue : ownership c : one thing to which an individual or company features a get more info legal title d : one (such as a performer) that is under agreement and whose work is particularly important e : a reserve or script procured for publication or generation

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

see also QTIP have faith in at have confidence in Be aware: Under federal tax regulation the property needs to be A part of the gross estate on the surviving partner at his or her own Dying, exactly where it can be subject matter to taxation.