property No Further a Mystery

property No Further a Mystery

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popular property community property mental property personalized property property injury property damage coverage property suitable property tax public property

Look at tenancy in common at tenancy — Neighborhood property : property held jointly by husband and spouse exclusively : property especially from employment acquired by both spouse just after marriage that is considered in states having a Local community property method to belong to both of those spouses as undivided one-50 percent interests

from the Company : property belonging to a particular human being — capable terminable fascination property : property passing to a surviving husband or wife that qualifies for the marital deduction If your executor so elects providing the spouse is entitled to acquire earnings in payments built at the very least on a yearly basis for all times and that no person has a power to appoint any part of the property to anyone other than the surviving husband or wife

see also antenuptial settlement Note: In the majority of states, on divorce marital property is divided As outlined by what the court decides is equitable. — movable property : property (as own property or crops) that may be moved — particular property : property (to be a automobile) that is movable but not like crops or other sources however attached to land : property apart from real property a tax on the private property

— real property : property consisting of land, properties, crops, or other assets continue to attached to or in the land or improvements or fixtures completely hooked up towards the land or possibly a composition on In addition it : an curiosity, advantage, right, or privilege in these kinds of property

called also immovable property — separate property : property of a husband or wife that's not community property or marital property Particularly : property acquired by a spouse ahead of relationship or individually in the course of relationship (as by gift or frequently by inheritance) — tangible property : property that features a tangible and corporeal existence and intrinsic financial value as a result of it the insurance plan plan restricted property injury protection to tangible property

These illustrations are programmatically compiled from numerous on the web resources to illustrate present utilization with the term 'property.' Any opinions expressed inside the illustrations never signify Individuals of Merriam-Webster or its editors. Send out us feedback about these examples.

— marital property : property acquired by both wife or husband during the program of a relationship that is definitely issue to division upon divorce

see also asset, estate, desire sense 1, possession feeling 1e — deserted property : property to which the operator has relinquished all legal rights Note: When property is abandoned, the owner provides up the realistic expectation of privateness about it. The finder of abandoned property is entitled to keep it, as well as a law enforcement officer may well choose possession of abandoned property as evidence with out violating the assure against unreasonable lookups and seizures in the Fourth Modification into the U.S. Structure. — soon after-obtained property : property (as proceeds) that a debtor acquires following the commencement of a bankruptcy circumstance and that's commonly regarded Portion of the bankruptcy estate : property obtained once the perfection of the lien or safety interest especially : such property obtained once the creation of a lien or security desire that may be subject matter on the lien or turns into collateral for the security desire : property transferred to your estate of a decedent following execution of the will — popular property : property owned or utilized by more than one party precisely : property owned or leased by tenants in widespread

ownership in indivision at possession Observe: The states possessing community property legislation are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property In this particular entry especially, within the civil regulation of Louisiana : tracts of land with their part components — intangible property : property (to be a inventory certificate or Experienced license) that derives price not from its intrinsic physical character but from what it represents — mental property

of not conducting heat character relates to a peculiar and unique good quality of a detail or a class.

a : an excellent or trait belonging and especially peculiar to an individual or matter b : an influence that an object has on A further object or over the senses c : virtue perception 2 d : an attribute popular to all customers of a class

a : a little something owned or possessed exclusively : a piece of real estate b : the exceptional right to have, enjoy, and more info get rid of a thing : possession c : some thing to which anyone or enterprise contains a authorized title d : a person (such as a performer) that is beneath contract and whose operate is especially worthwhile e : a reserve or script obtained for publication or output

property indicates a characteristic that belongs to the factor's necessary nature and should be employed to explain a type or species.

see also QTIP rely on at believe in Take note: Below federal tax legislation the property must be included in the gross estate from the surviving spouse at his / her individual Dying, where by it's subject matter to taxation.