property - An Overview

property - An Overview

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typical property Local community property intellectual property own property property hurt property harm coverage property appropriate property tax public property

Review tenancy in frequent at tenancy — Group property : property held jointly by spouse and wife specially : property Particularly from work acquired by possibly partner after relationship that is considered in states having a Local community property method to belong to both equally spouses as undivided 1-50 % passions

in the Company : property belonging to a specific human being — competent terminable desire property : property passing into a surviving wife or husband that qualifies to the marital deduction Should the executor so elects offering which the partner is entitled to acquire earnings in payments designed a minimum of per year for life Which no one has an influence to appoint any Element of the property to any person in addition to the surviving partner

see also antenuptial settlement Be aware: In the majority of states, upon divorce marital property is divided In keeping with what the court docket determines is equitable. — movable property : property (as personalized property or crops) which might be moved — private property : property (to be a car) that is definitely movable but not like crops or other means nonetheless hooked up to land : property apart from real property a tax on the private property

— real property : property consisting of land, buildings, crops, or other assets continue to attached to or in the land or improvements or fixtures completely attached for the land or simply a construction on What's more, it : an interest, reward, suitable, or privilege in this kind of property

named also immovable property — different property : property of a husband or wife that's not community property or marital property Specially : property obtained by a spouse right before marriage or separately in the course of relationship (as by reward or frequently by inheritance) — tangible property : property that features a tangible and corporeal existence and intrinsic financial value on account of it the coverage policy restricted property problems protection to tangible property

These examples are programmatically compiled from a variety of on the net sources For instance recent use from the phrase 'property.' Any views expressed during the examples usually do not characterize Those people of Merriam-Webster or its editors. Send us comments about these illustrations.

— marital property : property acquired by either partner in the course of the class of a marriage that is topic to division on divorce

see also asset, estate, fascination perception 1, possession sense 1e — abandoned property : property to which the proprietor has relinquished all legal rights Take note: When property is abandoned, the owner provides up the realistic expectation of privateness about it. The finder of abandoned property is entitled to keep it, plus a law enforcement officer may perhaps take possession of abandoned property as evidence with no violating the assurance versus unreasonable searches and seizures within the Fourth Amendment on the U.S. Structure. — immediately after-obtained property : property (as proceeds) that a debtor acquires after the commencement of a personal bankruptcy situation and that's commonly thought of part of the read more bankruptcy estate : property acquired following the perfection of a lien or safety desire especially : this sort of property acquired following the development of the lien or protection desire that may be subject to the lien or gets to be collateral for the security curiosity : property transferred for the estate of a decedent soon after execution on the will — prevalent property : property owned or used by more than one get together especially : property owned or leased by tenants in widespread

possession in indivision at possession Take note: The states obtaining Neighborhood property guidelines are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property Within this entry specially, within the civil legislation of Louisiana : tracts of land with their component elements — intangible property : property (as a stock certification or Skilled license) that derives benefit not from its intrinsic physical character but from what it signifies — intellectual property

of not conducting heat character relates to a peculiar and unique high-quality of the factor or a category.

a : a quality or trait belonging and particularly peculiar to a person or detail b : an result that an object has on Yet another object or within the senses c : virtue sense 2 d : an attribute common to all members of a category

a : something owned or possessed specifically : a bit of real estate b : the exclusive appropriate to have, delight in, and dispose of a factor : ownership c : something to which a person or business enterprise contains a lawful title d : just one (for instance a performer) that is beneath agreement and whose function is especially valuable e : a book or script procured for publication or generation

property indicates a attribute that belongs into a point's important nature and could be made use of to explain a kind or species.

see also QTIP have confidence in at have confidence in Be aware: Under 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 matter to taxation.