Not known Facts About property

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Look at tenancy in popular at tenancy — Group property : property held jointly by partner and spouse specially : property Primarily from employment obtained by possibly husband or wife soon after marriage that's deemed in states aquiring a Group property technique to belong to equally spouses as undivided a single-half pursuits

with the corporation : property belonging to a particular person — experienced terminable curiosity property : property passing to a surviving wife or husband that qualifies to the marital deduction In the event the executor so elects supplying which the partner is entitled to receive money in payments built no less than every year for life and that not one person has a power to appoint any Element of the property to anyone apart from the surviving spouse

see also antenuptial settlement Take note: In many states, upon divorce marital property is split In accordance with what the court establishes is equitable. — movable property : property (as personalized property or crops) which can be moved — individual property : property (to be a car or truck) which is movable although not which includes crops or other means even now attached to land : property in addition to real property a tax on the private property

— real property : property consisting of land, buildings, crops, or other methods nevertheless attached to or in the land or enhancements or fixtures forever attached to your land or perhaps a composition on Furthermore, it : an desire, advantage, suitable, or privilege in this kind of property

known as also immovable property — different property : property of a husband or wife that's not Neighborhood property or marital property In particular : property acquired by a husband or wife before marriage or independently all through marriage (as by present or normally by inheritance) — tangible property : property which has a tangible and corporeal existence and intrinsic financial value on account of it the coverage policy restricted property damage protection to tangible property

These illustrations are programmatically compiled from several on line resources As an instance latest utilization on the phrase 'property.' Any viewpoints expressed during the illustrations don't depict those of Merriam-Webster or its editors. Deliver us responses about these illustrations.

— marital property : property acquired by both husband or wife during the training course of the relationship that's 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 Be aware: When property is abandoned, the proprietor offers up the fair expectation of privacy concerning it. The finder of abandoned property is entitled to help keep it, read more plus a law enforcement officer may perhaps take possession of abandoned property as evidence with no violating the assurance against unreasonable searches and seizures within the Fourth Modification towards the U.S. Constitution. — following-acquired property : property (as proceeds) that a debtor acquires after the commencement of a individual bankruptcy circumstance and that is typically viewed as Element of the individual bankruptcy estate : property obtained after the perfection of a lien or security interest Specially : such property acquired once the generation of a lien or safety curiosity that is definitely subject matter to your lien or results in being collateral for the security interest : property transferred into the estate of the decedent just after execution of the will — prevalent property : property owned or utilized by more than one bash specially : property owned or leased by tenants in widespread

ownership in indivision at ownership Observe: The states possessing Neighborhood property regulations are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property Within this entry specifically, within the civil regulation of Louisiana : tracts of land with their ingredient pieces — intangible property : property (for a inventory certificate or Qualified license) that derives value not from its intrinsic Actual physical nature but from what it signifies — intellectual property

of not conducting warmth character applies to a peculiar and exclusive excellent of a matter or a class.

a : an outstanding or trait belonging and especially peculiar to someone or thing b : an influence that an object has on One more object or within the senses c : advantage sense two d : an attribute frequent to all customers of a class

a : anything owned or possessed particularly : a bit of real estate b : the distinctive proper to possess, delight in, and get rid of a point : possession c : anything to which an individual or business enterprise incorporates a legal title d : a person (such as a performer) that's beneath deal and whose get the job done is especially important e : a e-book or script purchased for publication or output

property implies a attribute that belongs into a thing's necessary character and should be utilized to explain a type or species.

see also QTIP belief at have confidence in Take note: Underneath federal tax law the property need to be included in the gross estate with the surviving spouse at her or his very own death, the place it is matter to taxation.