property - An Overview

property - An Overview

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prevalent property community property intellectual property individual property property destruction property problems insurance plan property proper property tax public property

Review tenancy in widespread at tenancy — community property : property held jointly by partner and spouse exclusively : property Particularly from work acquired by possibly partner after marriage which is considered in states possessing a Group property technique to belong to both spouses as undivided one particular-half pursuits

from the Company : property belonging to a specific particular person — qualified terminable fascination property : property passing to some surviving husband or wife that qualifies for the marital deduction In case the executor so elects supplying which the partner is entitled to obtain cash flow in payments made a minimum of yearly for life Which no person has an influence to appoint any A part of the property to any person in addition to the surviving partner

see also antenuptial settlement Take note: In most states, upon divorce marital property is split In keeping with exactly what the court docket establishes is equitable. — movable property : property (as individual property or crops) which can be moved — particular property : property (as being a automobile) that is certainly movable but not which include crops or other sources nonetheless attached to land : property aside from real property a tax on the non-public property

— real property : property consisting of land, properties, crops, or other resources however hooked up to or within the land or enhancements or fixtures forever connected to your land or perhaps a framework on In addition it : an curiosity, profit, ideal, or privilege in these kinds of property

termed also immovable property — independent property : property of the partner that's not Neighborhood property or marital property In particular : property acquired by a partner ahead of relationship or individually throughout relationship (as by present or typically by inheritance) — tangible property : property that includes a tangible and corporeal existence and intrinsic financial benefit due to it the insurance policy policy restricted property injury protection to tangible property

These examples are programmatically compiled from a variety of on the web resources For example current usage from the word 'property.' Any thoughts expressed while in the illustrations will not stand for Those people of Merriam-Webster or its editors. Mail us feedback about these illustrations.

— marital property : property obtained by possibly wife or husband in the course of a marriage that is subject matter to division on divorce

see also asset, estate, fascination sense 1, possession sense 1e — deserted property : property to which the operator has relinquished all legal rights Observe: When property is deserted, the proprietor offers up the realistic expectation of privateness regarding it. The finder of abandoned property is entitled to keep it, along with a police officer may take possession of deserted property as proof devoid of violating the guarantee towards unreasonable queries and seizures within the Fourth Modification into the U.S. Structure. — immediately after-obtained property : property (as proceeds) that a debtor acquires following the commencement of a individual bankruptcy case and that is typically regarded Element of the individual bankruptcy estate : property acquired after the perfection of a lien or safety curiosity Specially : these property obtained following the development of the lien or security interest which is matter on the lien or gets collateral for the safety desire : property transferred into the estate of the decedent just after execution of the will — common property : property owned or used by multiple occasion specially : property owned or leased by tenants in widespread

possession in indivision at ownership Take note: The states obtaining Neighborhood property guidelines are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property In this particular entry particularly, in the civil regulation of Louisiana : tracts of land with their part components — intangible property : property (to be a stock certificate or Qualified license) that derives value not from its intrinsic Bodily nature but from what it signifies — intellectual property

of not conducting warmth character applies to a peculiar and distinct good quality of the check here point or a category.

a : a top quality or trait belonging and especially peculiar to somebody or issue b : an impact that an item has on Yet another item or about the senses c : virtue feeling 2 d : an attribute prevalent to all associates of a category

a : one thing owned or possessed specifically : a bit of real estate b : the unique proper to possess, delight in, and dispose of a matter : ownership c : a thing to which anyone or small business provides a legal title d : a single (like a performer) that is below agreement and whose work is particularly valuable e : a reserve or script ordered for publication or manufacturing

property indicates a characteristic that belongs to the thing's important character and may be employed to explain a sort or species.

see also QTIP have faith in at have confidence in Take note: Less than federal tax law the property needs to be included in the gross estate with the surviving husband or wife at her or his personal Demise, exactly where it's issue to taxation.