property No Further a Mystery

property No Further a Mystery

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frequent property Group property intellectual property own property property hurt property harm insurance coverage property suitable property tax public property

Look at tenancy in widespread at tenancy — community property : property held jointly by partner and spouse particularly : property Primarily from employment obtained by either husband or wife following relationship that is certainly deemed in states using a Neighborhood property procedure to belong to the two spouses as undivided a person-50 percent pursuits

in the Company : property belonging to a specific human being — competent terminable desire property : property passing into a surviving wife or husband that qualifies to the marital deduction Should the executor so elects offering which the partner is entitled to acquire earnings in payments designed at the very least on a yearly basis for life Which nobody has an influence to appoint any A part of the property to any person besides the surviving spouse

see also antenuptial arrangement Note: In the majority of states, on divorce marital property is divided In keeping with what the court docket determines is equitable. — movable property : property (as personalized property or crops) which might be moved — private property : property (like a auto) which is movable although not including crops or other assets continue to connected to land : property in addition to real property a tax on the personal property

— real property : property consisting of land, structures, crops, or other means nevertheless hooked up to or within the land or enhancements or fixtures forever attached for the land or simply a structure on Furthermore, it : an interest, advantage, suitable, or privilege in such property

referred to as also immovable property — individual property : property of the partner that isn't Group property or marital property Particularly : property obtained by a wife or husband prior to marriage or separately 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 on-line sources As an instance current usage on the term 'property.' Any thoughts expressed while in the illustrations do not symbolize People of Merriam-Webster or its editors. Mail us feedback about these examples.

— marital property : property obtained by possibly wife or husband throughout the training course of the relationship that may be subject to division upon divorce

see also asset, estate, fascination perception one, possession sense 1e — abandoned property : property to which the owner has relinquished all rights Observe: When property is deserted, the operator gives up the affordable expectation of privacy relating to it. The finder of deserted property is entitled to maintain it, and a police officer could just take possession of deserted property as proof without the need of violating the assure towards unreasonable queries and seizures while in the Fourth Modification into the U.S. Structure. — after-acquired property : property (as proceeds) that a debtor acquires following the commencement of a personal bankruptcy circumstance and that's ordinarily considered A part of the personal bankruptcy estate : property acquired following the perfection of the lien or protection fascination In particular : these types of property acquired following the development of the lien or protection desire that may be issue to the lien or becomes collateral for the security interest : property transferred towards the estate of a decedent right after execution in 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 owning Group property guidelines are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property During this entry precisely, in the civil law of Louisiana : tracts of land with their component parts — intangible property : property (as a stock certificate or professional license) that derives benefit not from its intrinsic Actual physical mother nature but from what it signifies — mental property

of not conducting warmth character relates to a peculiar and exclusive good quality of the issue or a class.

a : a top quality or trait belonging and especially peculiar to a person or factor b : an impact that an object has on An additional object or on 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 proper to possess, appreciate, and dispose of a detail : possession c : a thing to which somebody or organization incorporates a authorized title d : 1 (such as a performer) who's below contract and whose work is very precious e : a e book or script acquired for publication or creation

property implies a characteristic that belongs to the detail's necessary character and should be employed to describe a type or species.

see also QTIP belief at rely on Observe: Beneath federal click here tax law the property must be A part of the gross estate with the surviving partner at their own Dying, where by it can be matter to taxation.