Not known Facts About property

frequent property community property mental property personalized property property damage property hurt insurance property proper property tax general public property

Look at tenancy in widespread at tenancy — Group property : property held jointly by spouse and spouse specifically : property Specifically from work acquired by possibly partner immediately after marriage that is considered in states having a Local community property method to belong to both of those spouses as undivided a single-50 % pursuits

in the Company : property belonging to a specific human being — competent terminable desire property : property passing to some surviving wife or husband that qualifies for your marital deduction If your executor so elects offering which the spouse is entitled to get income in payments manufactured at least every year for life and that not a soul has a power to appoint any Component of the property to any person besides the surviving spouse

see also antenuptial arrangement Take note: In many 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 — own property : property (as being a car or truck) that is movable but not like crops or other resources nevertheless 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 sources even now hooked up to or inside the land or enhancements or fixtures forever attached on the land or a construction on What's more, it : an interest, profit, right, or privilege in this sort of property

termed also immovable property — individual property : property of the husband or wife that isn't Neighborhood property or marital property Specifically : property acquired by a spouse ahead of marriage or independently in the course of marriage (as by reward or often by inheritance) — tangible property : property which has a tangible and corporeal existence and intrinsic financial benefit due to it the insurance policy plan limited property harm protection to tangible property

These illustrations are programmatically compiled from many on-line sources As an instance current use from the phrase 'property.' Any views expressed during the examples usually do not depict Those people of Merriam-Webster or its editors. Send us comments about these illustrations.

— marital property : property obtained by possibly spouse through the system of the relationship that is topic to division upon divorce

see also asset, estate, fascination perception one, possession sense 1e — abandoned property : property to which the proprietor has relinquished all rights Observe: When property is deserted, the proprietor offers up the fair expectation of privacy concerning it. The finder of abandoned property is entitled to help keep it, plus a law enforcement officer may perhaps take possession of abandoned property as evidence with no violating the assurance versus unreasonable lookups and seizures in the Fourth Amendment towards the U.S. Constitution. — soon after-obtained property : property (as proceeds) that a debtor acquires once the commencement of the individual bankruptcy case and that is generally deemed Portion of the personal bankruptcy estate : property obtained once the perfection of the lien or stability desire Specially : these types america property of property obtained once the creation of a lien or security interest that's topic for the lien or turns into collateral for the security curiosity : property transferred on the estate of the decedent soon after execution with the will — prevalent property : property owned or employed by multiple occasion precisely : property owned or leased by tenants in popular

possession in indivision at possession Take note: The states having community property laws are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property in this entry particularly, within the civil law of Louisiana : tracts of land with their component components — intangible property : property (as being a stock certificate or professional license) that derives value not from its intrinsic physical nature but from what it signifies — mental property

of not conducting warmth character relates to a peculiar and distinct excellent of the matter or a category.

a : an outstanding or trait belonging and particularly peculiar to a person or point b : an result that an object has on An additional object or on the senses c : virtue perception two d : an attribute prevalent to all customers of a category

a : anything owned or possessed especially : a piece of real estate b : the unique correct to possess, take pleasure in, and eliminate a point : possession c : something to which somebody or company incorporates a lawful title d : a person (for instance a performer) that is beneath contract and whose function is especially important e : a reserve or script ordered for publication or generation

property implies a characteristic that belongs to a thing's critical mother nature and should be employed to describe a sort or species.

see also QTIP belief at rely on Notice: Below federal tax law the property needs to be A part of the gross estate on the surviving partner at his or her have Dying, the place it really is subject to taxation.

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