property - An Overview

property - An Overview

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typical property Local community property intellectual property own property property injury property damage insurance plan property appropriate property tax public property

Assess tenancy in typical at tenancy — Group property : property held jointly by husband and spouse especially : property especially from work acquired by both spouse immediately after marriage that may be deemed in states aquiring a Neighborhood property procedure to belong to the two spouses as undivided a person-fifty percent pursuits

in the Company : property belonging to a specific human being — competent terminable desire property : property passing to some surviving wife or husband that qualifies for your marital deduction If your executor so elects supplying which the spouse is entitled to get earnings in payments created at least every year for life and that not a soul has a power to appoint any Component of the property to any person other than the surviving husband or wife

see also antenuptial agreement Notice: For most states, upon divorce marital property is split according to exactly what the court docket determines is equitable. — movable property : property (as particular property or crops) that can be moved — personalized property : property (as a automobile) that may be movable but not like 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 sources however attached to or inside the land or enhancements or fixtures forever attached to your land or a construction on In addition it : an interest, reward, ideal, or privilege in this kind of property

named also immovable property — different property : property of a partner that is not community property or marital property Specifically : property obtained by a spouse just before relationship or separately throughout relationship (as by reward or often by inheritance) — tangible property : property which has a tangible and corporeal existence and intrinsic economic worth as a result of it the insurance policies coverage limited property problems protection to tangible property

These illustrations are programmatically compiled from various online sources For instance recent utilization with the term 'property.' Any views expressed during the illustrations never represent those of Merriam-Webster or its editors. Send us suggestions about these examples.

— marital property : property acquired by either partner in the course of the class of the relationship that may be subject to division on divorce

see also asset, estate, desire perception one, possession perception 1e — abandoned property : property to which the owner has relinquished all legal rights Take note: When property is deserted, the owner gives up the fair expectation of privateness relating to it. The finder of deserted property is entitled to maintain it, and also a law enforcement officer may well acquire possession of deserted property as evidence without the need of violating the assurance in opposition to unreasonable queries and seizures inside the Fourth Amendment towards the U.S. Constitution. — just after-obtained property : property (as proceeds) that a more info debtor acquires once the commencement of a bankruptcy circumstance and that is generally thought of Section of the bankruptcy estate : property acquired once the perfection of a lien or stability fascination Specifically : this sort of property obtained once the development of a lien or stability fascination that is certainly matter for the lien or gets to be collateral for the safety fascination : property transferred on the estate of a decedent following execution with the will — frequent property : property owned or used by multiple get together exclusively : property owned or leased by tenants in frequent

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

of not conducting heat character applies to a peculiar and exclusive top quality of a issue or a class.

a : an outstanding or trait belonging and particularly peculiar to someone or matter b : an influence that an item has on One more object or within the senses c : virtue sense 2 d : an attribute common to all users of a category

a : a little something owned or possessed specially : a bit of real estate b : the exceptional correct to have, enjoy, and dispose of a thing : possession c : a little something to which anyone or small business includes a authorized title d : a single (such as a performer) who is less than deal and whose get the job done is particularly worthwhile e : a e-book or script bought for publication or production

property indicates a characteristic that belongs to some matter's essential mother nature and could be utilised to describe a type or species.

see also QTIP trust at trust Take note: Underneath federal tax legislation the property should be included in the gross estate of your surviving husband or wife at her or his very own death, where it is actually subject matter to taxation.