New Step by Step Map For property

New Step by Step Map For property

Blog Article

popular property community property intellectual property individual property property destruction property hurt insurance policies property suitable property tax public property

compare tenancy in widespread at tenancy — community property : property held jointly by partner and wife precisely : property Specifically from work acquired by either partner right after relationship that is certainly considered in states getting a Group property method to belong to both of those spouses as undivided one particular-half passions

of your corporation : property belonging to a specific particular person — capable terminable curiosity property : property passing into a surviving husband or wife that qualifies for the marital deduction In case the executor so elects furnishing that the partner is entitled to obtain profits in payments produced at the least on a yearly basis for life and that not a soul has a power to appoint any Section of the property to anyone apart from the surviving partner

see also antenuptial agreement Observe: In most states, upon divorce marital property is divided In keeping with what the courtroom decides is equitable. — movable property : property (as personal property or crops) that may be moved — personalized property : property (to be a car) that is certainly movable although not such as crops or other sources even now hooked up to land : property other than real property a tax on the private property

— real property : property consisting of land, properties, crops, or other resources nevertheless 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 desire, benefit, correct, or privilege in these property

called also immovable property — independent property : property of the husband or wife that is not Neighborhood property or marital property Specially : property obtained by a wife or husband prior to marriage or independently through relationship (as by reward or often by inheritance) — tangible property : property that has a tangible and corporeal existence and intrinsic economic worth as a result of it the insurance policies coverage limited property problems protection to tangible property

These illustrations are programmatically compiled from various online resources For instance existing utilization on the phrase 'property.' Any views expressed while in the illustrations tend not to characterize All those of Merriam-Webster or its editors. Mail us feed-back about these illustrations.

— marital property : property acquired by possibly wife or husband in the course of the study course of the relationship that may be issue to division on divorce

see also asset, estate, desire perception one, possession perception 1e — deserted property : property to which the operator has relinquished all legal rights Observe: When property is deserted, the proprietor provides up the realistic expectation of privacy regarding it. The finder of abandoned property is entitled to keep it, and a police officer may take possession of deserted property as proof without the need of violating the warranty versus unreasonable lookups and seizures from the Fourth Modification on the U.S. Constitution. — following-obtained property : property (as proceeds) that a debtor acquires once the commencement of the personal bankruptcy situation and that is generally regarded as part of the individual bankruptcy estate : property acquired following the perfection of a lien or stability desire Particularly : this sort of property acquired after the creation of the lien or protection curiosity that's issue to the lien or results in being collateral for the safety fascination : property transferred for the estate of a decedent after execution of your will — prevalent property : property owned or utilized by more than one party specially : property owned or leased by tenants in frequent

ownership in indivision at ownership Be aware: The states getting Neighborhood property legal guidelines are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property In this particular entry exclusively, while in the civil regulation of Louisiana : tracts of land with their part elements — intangible property : property (as being a inventory certification or Expert license) that derives benefit not from its intrinsic Bodily nature but from what it signifies — intellectual property

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

a : a high quality or trait belonging and particularly peculiar to someone or point b : an effect that an item has on A different object or about the senses c : advantage feeling 2 d : an attribute frequent to all associates of a class

a : some thing owned or possessed particularly : a piece of real estate b : the exclusive right to have, love, and eliminate a matter : possession c : anything to which someone or enterprise features a legal title d : 1 (such as a performer) who is underneath contract and whose do the job is particularly important e : a e-book or script ordered for publication or generation

property indicates a characteristic that belongs to the point's check here critical character and could be utilized to explain a type or species.

see also QTIP rely on at trust Notice: Less than federal tax law the property have to be A part of the gross estate from the surviving husband or wife at his or her very own Dying, exactly where it truly is subject to taxation.