property - An Overview

property - An Overview

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widespread property community property mental property personalized property property injury property damage insurance property suitable property tax community property

Evaluate tenancy in prevalent at tenancy — Neighborhood property : property held jointly by husband and spouse specifically : property especially from work acquired by possibly partner after relationship that's considered in states possessing a Neighborhood property process to belong to each spouses as undivided just one-fifty percent pursuits

on the corporation : property belonging to a certain person — skilled terminable interest property : property passing to some surviving partner that qualifies with the marital deduction In the event the executor so elects furnishing that the husband or wife is entitled to receive revenue in payments built a minimum of on a yearly basis for life Which nobody has an influence to appoint any part of the property to any person aside from the surviving wife or husband

see also antenuptial agreement Notice: For most states, upon divorce marital property is split Based on exactly what the court docket determines is equitable. — movable property : property (as personalized property or crops) that can be moved — personalized property : property (to be a automobile) that is definitely movable but not which includes crops or other methods nonetheless connected to land : property in addition to real property a tax on the personal property

— real property : property consisting of land, structures, crops, or other means nonetheless connected to or throughout the land or improvements or fixtures permanently connected to your land or a construction on What's more, it : an interest, advantage, appropriate, or privilege in these property

called also immovable property — independent property : property of the wife or husband that is not Neighborhood property or marital property In particular : property obtained by a spouse just before relationship or independently through relationship (as by gift or frequently by inheritance) — tangible property : property which has a tangible and corporeal existence and intrinsic financial benefit because of it the insurance policy coverage limited property hurt protection to tangible property

These illustrations are programmatically compiled from many on-line sources As an example present-day usage from the word 'property.' Any opinions expressed inside the examples do not symbolize People of Merriam-Webster or its editors. Send out us feed-back about these illustrations.

— marital property : property obtained by possibly wife or husband during the program of a marriage that is subject to division on divorce

see also asset, estate, desire perception one, possession perception 1e — deserted property : property to which the operator has relinquished all legal rights Observe: When property is deserted, the proprietor offers up the acceptable expectation of privateness regarding it. The finder of abandoned property is entitled to keep it, along with a police officer might consider possession of abandoned property as evidence without violating the assure against unreasonable queries and seizures in the Fourth Modification to the U.S. Structure. — immediately after-obtained property : property (as proceeds) that a debtor acquires following the commencement of a personal read more bankruptcy situation and that is usually considered part of the individual bankruptcy estate : property obtained following the perfection of a lien or stability desire Specially : these kinds of property acquired following the development of a lien or stability desire that is definitely subject matter to your lien or gets collateral for the security curiosity : property transferred towards the estate of a decedent just after execution with the will — prevalent property : property owned or utilized by more than one get together especially : property owned or leased by tenants in typical

ownership in indivision at possession Observe: The states getting Group property regulations are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property During this entry exclusively, within the civil regulation of Louisiana : tracts of land with their part elements — intangible property : property (as a inventory certificate or Qualified license) that derives worth not from its intrinsic physical mother nature but from what it represents — mental property

of not conducting warmth character applies to a peculiar and exclusive top quality of the matter or a category.

a : an outstanding or trait belonging and especially peculiar to somebody or point b : an effect that an item has on An additional item or around the senses c : advantage sense two d : an attribute widespread to all associates of a category

a : anything owned or possessed specifically : a bit of real estate b : the exclusive suitable to possess, enjoy, and get rid of a thing : ownership c : a little something to which a person or small business includes a lawful title d : a single (for instance a performer) who's less than agreement and whose do the job is especially important e : a e-book or script purchased for publication or generation

property implies a attribute that belongs to the point's necessary nature and will be made use of to describe a kind or species.

see also QTIP belief at have confidence in Observe: Under federal tax legislation the property needs to be included in the gross estate with the surviving spouse at her or his have Loss of life, wherever it is matter to taxation.