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frequent property Group property mental property individual property property destruction property hurt insurance policy property correct property tax general public property
Examine tenancy in common at tenancy — Local community property : property held jointly by husband and spouse especially : property Primarily from work acquired by both spouse just after marriage that is considered in states having a Local community property method to belong to both equally spouses as undivided a single-50 % passions
of your corporation : property belonging to a selected individual — capable terminable curiosity property : property passing to the surviving partner that qualifies with the marital deduction When the executor so elects furnishing the wife or husband is entitled to obtain profits in payments produced not less than each year for all times and that no-one has a power to appoint any Section of the property to anyone aside from the surviving wife or husband
see also antenuptial arrangement Take note: In many states, on divorce marital property is divided In line with what the courtroom determines is equitable. — movable property : property (as private property or crops) which might be moved — private property : property (to be a automobile) that is definitely movable but not like crops or other resources even now hooked up to land : property in addition to real property a tax on the personal property
— real property : property consisting of land, properties, crops, or other means nevertheless connected to or in the land or improvements or fixtures permanently connected into the land or perhaps a construction on What's more, it : an curiosity, reward, proper, or privilege in this sort of property
named also immovable property — different property : property of the spouse that is not Group property or marital property especially : property acquired by a husband or wife ahead of relationship or separately throughout marriage (as by gift or usually by inheritance) — tangible property : property that features a tangible and corporeal existence and intrinsic financial benefit due to it the insurance policy coverage limited property problems protection to tangible property
These illustrations are programmatically compiled from a variety of on the web sources As an example existing utilization on the phrase 'property.' Any thoughts expressed within the examples never depict All those of Merriam-Webster or its editors. Send out us opinions about these illustrations.
— marital property : property obtained by both partner throughout the course of the relationship that is certainly subject matter to division on divorce
see also asset, estate, curiosity sense 1, possession sense 1e — deserted property : property to which the proprietor has relinquished all legal rights Observe: When property is abandoned, the owner presents up the acceptable expectation of privateness relating to it. The finder of abandoned property is entitled to keep it, and a law enforcement officer may well just take possession of abandoned property as proof with no violating the ensure towards unreasonable lookups and seizures from the Fourth Modification towards the U.S. Structure. — immediately after-acquired property : property (as proceeds) that a debtor acquires after the commencement of the personal bankruptcy case and that's generally regarded as A part of the bankruptcy estate : property obtained following the perfection of a lien or security fascination Specifically : this sort of property acquired once the development of the lien or protection interest that's topic to the lien or results in being collateral for the security curiosity : property transferred on the estate of the decedent immediately after execution with the will — frequent property : property owned or employed by more than one bash exclusively : property owned or leased by tenants in common
possession in indivision at ownership Notice: The states owning Local community property regulations are Louisiana, Arizona, California, check here Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property With this entry exclusively, within the civil regulation of Louisiana : tracts of land with their part components — intangible property : property (to be a inventory certificate or Qualified license) that derives worth not from its intrinsic Actual physical character but from what it represents — mental property
of not conducting heat character relates to a peculiar and exclusive top quality of a matter or a class.
a : a quality or trait belonging and particularly peculiar to a person or detail b : an influence that an object has on another item or within the senses c : virtue feeling two d : an attribute widespread to all members of a category
a : anything owned or possessed particularly : a bit of real estate b : the exclusive appropriate to have, delight in, and eliminate a matter : possession c : anything to which someone or organization includes a authorized title d : a single (such as a performer) who is under deal and whose do the job is very worthwhile e : a ebook or script obtained for publication or manufacturing
property implies a characteristic that belongs to a detail's necessary mother nature and should be employed to describe a type or species.
see also QTIP have faith in at rely on Observe: Beneath federal tax legislation the property has to be included in the gross estate of the surviving wife or husband at his / her possess Demise, in which it's subject to taxation.