Top property Secrets

Top property Secrets

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common property Local community property mental property individual property property damage property hurt insurance policies property correct property tax general public property

Assess tenancy in common at tenancy — Local community property : property held jointly by spouse and wife precisely : property Specially from work acquired by possibly partner after relationship that's deemed in states using a community property procedure to belong to the two spouses as undivided one-fifty percent pursuits

in the Company : property belonging to a certain individual — capable terminable curiosity property : property passing to the surviving partner that qualifies for the marital deduction In case the executor so elects providing the wife or husband is entitled to get money in payments created at least on a yearly basis for all times and that not one person has a power to appoint any Portion of the property to any person besides the surviving partner

see also antenuptial settlement Take note: In many states, on divorce marital property is split In accordance with just what the court determines is equitable. — movable property : property (as personalized property or crops) that can be moved — personalized property : property (as a automobile) that may be movable but not which include 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 resources even now hooked up to or throughout the land or enhancements or fixtures forever attached for the land or simply a structure on In addition, it : an desire, benefit, correct, or privilege in these kinds of property

termed also immovable property — independent property : property of a husband or wife that's not community property or marital property Particularly : property acquired by a husband or wife in advance of marriage or independently all through marriage (as by gift or generally 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 hurt coverage to tangible property

These illustrations are programmatically compiled from several on line resources to illustrate recent utilization on the phrase 'property.' Any views expressed from the illustrations don't depict Those people of Merriam-Webster or its editors. Send us comments about these illustrations.

— marital property : property obtained by either spouse in the course of the study course of the marriage which is 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 rights Note: When property is abandoned, the proprietor offers up the fair expectation of privacy concerning it. The finder of abandoned property is entitled to help keep it, and also a law enforcement officer may consider possession of abandoned property as evidence devoid of violating the warranty against unreasonable searches and seizures during the Fourth Modification to your U.S. Constitution. — right after-acquired property : property (as proceeds) that a debtor acquires after the commencement of a individual bankruptcy situation and that is generally viewed as A part of the personal bankruptcy estate : property acquired once the perfection of the lien or protection curiosity Particularly : these property obtained once the creation of the lien or safety curiosity that is subject into the lien or gets collateral for click here the security interest : property transferred into the estate of the decedent soon after execution of the will — common property : property owned or employed by more than one celebration specifically : property owned or leased by tenants in widespread

ownership in indivision at possession Notice: The states getting community property legislation 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 ingredient parts — intangible property : property (for a stock certification or Specialist license) that derives worth not from its intrinsic Actual physical nature but from what it signifies — intellectual property

of not conducting warmth character applies to a peculiar and distinctive high-quality of a thing or a category.

a : a top quality or trait belonging and especially peculiar to someone or point b : an effect that an item has on An additional item or around the senses c : advantage perception two d : an attribute widespread to all associates of a class

a : a little something owned or possessed especially : a bit of real estate b : the distinctive right to have, enjoy, and eliminate a point : possession c : anything to which a person or small business has a authorized title d : one (like a performer) who is below deal and whose function is particularly beneficial e : a e book or script obtained for publication or output

property implies a attribute that belongs to the detail's critical mother nature and should be employed to describe a kind or species.

see also QTIP trust at have confidence in Take note: Below federal tax regulation the property should be included in the gross estate of your surviving partner at her or his own Loss of life, where by it's matter to taxation.