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widespread property Group property mental property individual property property destruction property damage coverage property correct property tax public property
Evaluate tenancy in popular at tenancy — Local community property : property held jointly by husband and spouse particularly : property Primarily from employment obtained by both wife or husband immediately after marriage that is definitely deemed in states aquiring a Neighborhood property procedure to belong to the two spouses as undivided one-50 percent interests
with the corporation : property belonging to a certain person — skilled terminable interest property : property passing to your surviving spouse that qualifies for that marital deduction When the executor so elects giving that the husband or wife is entitled to receive cash flow in payments made at the least annually for all times Which no-one has an influence to appoint any part of the property to anyone in addition to the surviving partner
see also antenuptial settlement Be aware: 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 which include crops or other resources even now 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 however attached to or inside the land or advancements or fixtures permanently connected to the land or even a composition on In addition it : an interest, gain, right, or privilege in this kind of property
referred to as also immovable property — individual property : property of the husband or wife that isn't Neighborhood property or marital property Particularly : property obtained by a husband or wife just before relationship or separately throughout marriage (as by gift or typically by inheritance) — tangible property : property that has a tangible and corporeal existence and intrinsic economic worth as a consequence of it the insurance policy policy limited property damage protection to tangible property
These examples are programmatically compiled from several online sources As an instance current usage from the phrase 'property.' Any views expressed during the illustrations will not depict those of Merriam-Webster or its editors. Ship us feed-back about these examples.
— marital property : property acquired by both husband or wife in the system of the click here relationship that's subject matter to division on divorce
see also asset, estate, desire sense 1, possession perception 1e — abandoned property : property to which the operator has relinquished all rights Be aware: When property is deserted, the proprietor provides up the affordable expectation of privateness about it. The finder of deserted property is entitled to maintain it, in addition to a law enforcement officer might consider possession of abandoned property as evidence without having violating the warranty towards unreasonable lookups and seizures during the Fourth Modification to your U.S. Structure. — soon after-obtained property : property (as proceeds) that a debtor acquires after the commencement of the bankruptcy circumstance and that's commonly viewed as part of the bankruptcy estate : property acquired after the perfection of a lien or security interest especially : these kinds of property obtained following the development of a lien or security interest that is subject into the lien or results in being collateral for the safety fascination : property transferred into the estate of a decedent following execution in the will — widespread property : property owned or utilized by multiple occasion precisely : property owned or leased by tenants in prevalent
possession in indivision at ownership Note: The states having Group property guidelines are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property Within this entry particularly, during the civil regulation of Louisiana : tracts of land with their part components — intangible property : property (as a inventory certificate or Expert license) that derives value not from its intrinsic physical nature but from what it represents — mental property
of not conducting warmth character relates to a peculiar and distinct high-quality of the matter or a category.
a : an outstanding or trait belonging and particularly peculiar to somebody or issue b : an impact that an item has on Yet another item or about the senses c : advantage perception two d : an attribute prevalent to all users of a class
a : something owned or possessed specially : a piece of real estate b : the special appropriate to have, love, and eliminate a matter : possession c : something to which somebody or company contains a authorized title d : a person (like a performer) who's below contract and whose work is particularly important e : a e-book or script purchased for publication or creation
property indicates a characteristic that belongs into a issue's crucial nature and may be utilised to explain a type or species.
see also QTIP belief at believe in Observe: Under federal tax law the property should be included in the gross estate of your surviving husband or wife at his / her personal Demise, exactly where it truly is issue to taxation.