Not known Facts About property
Not known Facts About property
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frequent property Local community property intellectual property personalized property property harm property problems insurance plan property correct property tax community property
Look at tenancy in typical at tenancy — Local community property : property held jointly by partner and wife specially : property Particularly from work obtained by both partner just after marriage that may be deemed in states using a community property technique to belong to both of those spouses as undivided a single-50 % interests
with the corporation : property belonging to a specific man or woman — qualified terminable fascination property : property passing to a surviving husband or wife that qualifies for the marital deduction If your executor so elects offering which the husband or wife is entitled to receive money in payments produced no less than on a yearly basis for life and that nobody has a power to appoint any Section of the property to any person aside from the surviving spouse
see also antenuptial settlement Note: In the majority of states, on divorce marital property is divided In keeping with what the court decides is equitable. — movable property : property (as particular property or crops) which might be moved — individual property : property (like a car or truck) that is movable but not like crops or other means still attached to land : property other than real property a tax on the non-public property
— real property : property consisting of land, buildings, crops, or other assets even now connected to or throughout the land or advancements or fixtures permanently attached towards the land or possibly a framework on What's more, it : an desire, gain, ideal, or privilege in such property
known as also immovable property — different property : property of a husband or wife that is not Neighborhood property or marital property Specially : property obtained by a wife or husband right before marriage or individually throughout marriage (as by reward or usually by inheritance) — tangible property : property that has a tangible and corporeal existence and intrinsic economic price because of it the insurance policy coverage restricted property destruction coverage to tangible property
These examples are programmatically compiled from several on line sources As an example present-day usage in the phrase 'property.' Any viewpoints expressed in the examples tend not to characterize those of Merriam-Webster or its editors. Deliver us opinions about these illustrations.
— marital property : property obtained by either partner over the class of a marriage that is certainly subject matter to division on divorce
see also asset, estate, interest sense 1, possession feeling 1e — deserted property : property to which the operator has relinquished all legal rights Note: When property is abandoned, the proprietor offers up the fair expectation of privateness here 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 without having violating the promise from unreasonable lookups 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 a personal bankruptcy circumstance and that's usually regarded as Portion of the personal bankruptcy estate : property obtained following the perfection of the lien or stability desire especially : this kind of property acquired following the development of a lien or safety fascination that is definitely issue into the lien or becomes collateral for the security interest : property transferred towards the estate of a decedent right after execution in the will — widespread property : property owned or utilized by multiple occasion specially : property owned or leased by tenants in prevalent
possession in indivision at possession Take note: The states owning Group property laws are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property in this entry specifically, within the civil law of Louisiana : tracts of land with their component components — intangible property : property (as being a stock certificate or Expert 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 high-quality of the matter or a category.
a : an outstanding or trait belonging and particularly peculiar to someone or issue b : an effect that an object has on another object or over the senses c : advantage perception two d : an attribute prevalent to all customers of a category
a : anything owned or possessed exclusively : a bit of real estate b : the distinctive proper to possess, take pleasure in, and dispose of a factor : ownership c : something to which anyone or business enterprise provides a lawful title d : one particular (like a performer) who's below contract and whose do the job is very precious e : a e book or script acquired for publication or creation
property implies a characteristic that belongs to the matter's vital character and will be utilized to describe a sort or species.
see also QTIP rely on at have faith in Notice: Below 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.