property No Further a Mystery

property No Further a Mystery

Blog Article

frequent property community property intellectual property personal property property destruction property destruction insurance property right property tax general public property

Look at tenancy in prevalent at tenancy — Local community property : property held jointly by husband and wife specifically : property especially from work obtained by either wife or husband immediately after relationship which is deemed in states aquiring a Group property technique to belong to the two spouses as undivided 1-50 % pursuits

with the corporation : property belonging to a selected person — skilled terminable desire property : property passing to your surviving wife or husband that qualifies for that marital deduction If your executor so elects giving the partner is entitled to receive earnings in payments produced not less than on a yearly basis for all times and that not one person has an influence to appoint any A part of the property to anyone apart from the surviving partner

see also antenuptial agreement Observe: In most states, on divorce marital property is divided In keeping with exactly what the court docket decides is equitable. — movable property : property (as own property or crops) which can be moved — personal property : property (for a car) that may be movable but not which include crops or other sources however attached to land : property besides real property a tax on the personal property

— real property : property consisting of land, buildings, crops, or other assets still hooked up to or within the land or advancements or fixtures forever attached on the land or a construction on In addition it : an curiosity, profit, proper, or privilege in these types of property

identified as also immovable property — individual property : property of a wife or husband that is not Neighborhood property or marital property In particular : property acquired by a partner in advance of relationship or individually for the duration of relationship (as by gift or typically by inheritance) — tangible property : property that includes a tangible and corporeal existence and intrinsic economic worth as a consequence of it the insurance coverage coverage limited property damage coverage to tangible property

These illustrations are programmatically compiled from many on-line sources As an instance present-day usage in the phrase 'property.' Any viewpoints expressed in the examples usually do not depict Those people of Merriam-Webster or its editors. Send us suggestions about these examples.

— marital property : property obtained by both husband or wife through the system of the relationship that may be subject to division on divorce

see also asset, estate, interest sense 1, possession sense 1e — abandoned property : property to which the proprietor has relinquished all rights Notice: When property is deserted, the operator offers up the acceptable expectation of privateness about it. The finder of deserted property is entitled to keep it, plus a law enforcement officer may possibly just take possession of deserted property as proof without the need of violating the guarantee against unreasonable searches and seizures inside the Fourth Amendment towards the U.S. Constitution. — following-acquired property : property (as proceeds) that a debtor acquires after the commencement of the individual bankruptcy circumstance and that's commonly viewed as Component of the personal bankruptcy estate : property obtained following the perfection of check here a lien or security desire In particular : these kinds of property acquired after the development of a lien or security desire that may be issue on the lien or gets collateral for the security desire : property transferred to your estate of a decedent following execution of the will — popular property : property owned or employed by more than one party specially : property owned or leased by tenants in prevalent

ownership in indivision at possession Notice: The states getting Group property legislation are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property On this entry specifically, from the civil legislation of Louisiana : tracts of land with their ingredient sections — intangible property : property (being a stock certification or Expert license) that derives value not from its intrinsic Bodily nature but from what it represents — intellectual property

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

a : a quality or trait belonging and particularly peculiar to a person or detail b : an influence that an object has on A different object or over the senses c : advantage sense two d : an attribute typical to all users of a class

a : a little something owned or possessed specially : a piece of real estate b : the special proper to have, get pleasure from, and dispose of a issue : ownership c : anything to which a person or small business features a authorized title d : 1 (for instance a performer) who's beneath deal and whose work is particularly beneficial e : a e-book or script procured for publication or output

property implies a characteristic that belongs to the point's vital mother nature and will be employed to describe a kind or species.

see also QTIP have faith in at trust Observe: Under federal tax legislation the property must be included in the gross estate in the surviving partner at her or his own Loss of life, where by it's topic to taxation.