property - An Overview

property - An Overview

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typical property Group property intellectual property personal property property problems property harm insurance coverage property ideal property tax community property

compare tenancy in prevalent at tenancy — Neighborhood property : property held jointly by partner and wife precisely : property Specially from employment obtained by either husband or wife following relationship which is considered in states getting a Group property program to belong to both spouses as undivided one particular-half passions

of the Company : property belonging to a particular particular person — qualified terminable fascination property : property passing to a surviving partner that qualifies with the marital deduction In the event the executor so elects providing the wife or husband is entitled to obtain money in payments created not less than each year for all times and that no person has an influence to appoint any Portion of the property to anyone apart from the surviving husband or wife

see also antenuptial agreement Observe: In most states, upon divorce marital property is split Based on exactly what the court decides is equitable. — movable property : property (as own property or crops) that may be moved — particular property : property (as a motor vehicle) that is 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 continue to attached to or in the land or advancements or fixtures permanently connected into the land or even a framework on it also : an curiosity, gain, right, or privilege in this sort of property

termed also immovable property — separate property : property of the wife or husband that is not Neighborhood property or marital property In particular : property acquired by a partner in advance of relationship or individually during marriage (as by present or normally by inheritance) — tangible property : property that has a tangible and corporeal existence and intrinsic economic price thanks to it the insurance coverage coverage limited property damage coverage to tangible property

These illustrations are programmatically compiled from many online sources to illustrate present-day usage in the term 'property.' Any viewpoints expressed within the examples tend not to stand for These of Merriam-Webster or its editors. Deliver us responses about these illustrations.

— marital property : property acquired by either partner over the class of a marriage which is subject matter to division on divorce

see also asset, estate, interest sense 1, possession feeling 1e — deserted property : property to which the operator has relinquished all rights Note: When property is abandoned, the proprietor offers up the fair expectation of privateness concerning it. The finder of abandoned property is entitled to help keep it, plus a law enforcement officer may perhaps take possession of abandoned property as evidence without having violating the ensure against unreasonable searches and seizures inside the Fourth Amendment on the U.S. Structure. — just after-obtained property : property (as proceeds) that a debtor acquires after the commencement of a bankruptcy situation and that is normally viewed as Element of the individual bankruptcy estate : property obtained after the perfection of a lien or security curiosity Specifically : these kinds of property obtained following the generation of the lien or stability desire that may be subject to the lien or gets to be collateral for the security curiosity : property transferred for the estate of a decedent right after execution on the will — widespread property : property owned or utilized by multiple social gathering specially : property owned or leased by tenants in prevalent

possession in indivision at possession Observe: The states acquiring Group property guidelines are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property During this entry precisely, during the civil regulation of Louisiana : tracts of land with their ingredient pieces — intangible property : property (to be a inventory certification or Qualified license) that derives benefit not from its intrinsic Actual physical character but from what it signifies — intellectual property

of not conducting heat character applies to a peculiar and unique top quality of a point or a class.

a : an excellent or trait belonging and especially peculiar to an individual or factor b : an impact that an object has on An additional object or over the senses c : advantage perception two d : an attribute prevalent to all customers of a category

a : anything owned or possessed exclusively : a piece of real estate b : the unique correct to possess, enjoy, and eliminate a detail : possession c : something to which somebody or company provides a legal title d : just one (such as a performer) who's less than contract and whose do the job is especially precious e : a book or script obtained for publication or generation

property implies a characteristic that belongs to your point's critical nature and should be utilized to explain a type or species.

see also QTIP have faith in at trust click here Notice: Less than federal tax law the property need to be included in the gross estate in the surviving wife or husband at his or her individual death, the place it can be topic to taxation.