property No Further a Mystery

property No Further a Mystery

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prevalent property community property intellectual property particular property property damage property injury insurance policy property correct property tax community property

Look at tenancy in frequent at tenancy — Neighborhood property : property held jointly by husband and spouse especially : property Particularly from work obtained by either wife or husband immediately after relationship that is certainly deemed in states aquiring a Local community property program to belong to both spouses as undivided a person-50 percent interests

of your Company : property belonging to a certain individual — capable terminable fascination property : property passing to some surviving wife or husband that qualifies to the marital deduction When the executor so elects supplying that the wife or husband is entitled to obtain money in payments manufactured at the very least annually for all times and that no person has a power to appoint any Section of the property to any person besides the surviving spouse

see also antenuptial settlement Take note: In many states, on divorce marital property is divided In keeping with exactly what the court docket determines is equitable. — movable property : property (as particular property or crops) that may be moved — own property : property (like a auto) that is certainly movable although not such as crops or other means nonetheless 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 attached to or in the land or advancements or fixtures permanently connected to the land or even a construction on What's more, it : an interest, benefit, proper, or privilege in these kinds of property

named also immovable property — individual property : property of the wife or husband that's not Local community property or marital property Particularly : property obtained by a wife or husband prior to marriage or separately during marriage (as by reward or often by inheritance) — tangible property : property which has a tangible and corporeal existence and intrinsic economic price thanks to it the insurance coverage coverage restricted property hurt protection to tangible property

These illustrations are programmatically compiled from numerous on-line sources As an instance present-day usage in the phrase 'property.' Any views expressed during the examples don't depict All those of Merriam-Webster or its editors. Mail us feedback about these examples.

— marital property : property acquired by both husband or wife over the course of a relationship that is certainly matter to division upon divorce

see also asset, estate, curiosity sense one, possession perception 1e — deserted property : property to which the operator has relinquished all legal rights Notice: When property is deserted, the proprietor provides up the sensible expectation of privacy regarding it. The finder of abandoned property is entitled to keep it, along with a police officer may take possession of deserted property as proof devoid of violating the assurance from unreasonable queries and seizures while in the Fourth Amendment for the U.S. Constitution. — following-acquired property : property (as proceeds) that a debtor acquires after the commencement of the individual bankruptcy scenario and that is typically deemed Portion of the personal bankruptcy estate : property acquired once the perfection of the lien or protection curiosity Particularly : this kind of property obtained once the development of a lien or safety interest that is issue into the lien or results in being collateral for the security curiosity : property transferred into the estate of the decedent soon after execution in the will — typical property : property owned or used by multiple occasion exclusively : property owned or leased by tenants in frequent

ownership in indivision at possession Observe: The states obtaining Neighborhood property regulations are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property in this entry precisely, from the civil legislation of Louisiana : tracts of land with their component elements — intangible property : property (as a inventory certificate or Experienced license) that derives worth not from its intrinsic Actual physical character but from what it signifies — mental property

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

a : an outstanding or trait belonging and especially peculiar to someone or factor b : an outcome that an object has on another object or over the senses c : virtue perception 2 d : an attribute popular to all associates of a category

a : one thing owned or possessed specifically : a bit of real estate b : the unique ideal to possess, appreciate, and eliminate a issue : ownership c : anything to which a person or small business includes a lawful title d : 1 (for instance a performer) who's less click here than agreement and whose work is particularly valuable e : a e book or script procured for publication or generation

property implies a attribute that belongs to a issue's important mother nature and could be utilised to explain a type or species.

see also QTIP belief at have faith in Be aware: Underneath federal tax law the property have to be A part of the gross estate on the surviving wife or husband at their have Loss of life, where by it really is issue to taxation.