Fascination About america property

Fascination About america property

Blog Article

popular property Local community property intellectual property individual property property damage property hurt insurance coverage property suitable property tax community property

compare tenancy in widespread at tenancy — Group property : property held jointly by spouse and wife specially : property Specifically from work acquired by both wife or husband immediately after marriage that may be deemed in states having a Local community property system to belong to equally spouses as undivided 1-fifty percent interests

on the corporation : property belonging to a specific person — experienced terminable interest property : property passing into a surviving spouse that qualifies to the marital deduction if the executor so elects delivering which the partner is entitled to acquire revenue in payments built at the very least on a yearly basis for life Which no one has an influence to appoint any 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 accordance with just what the court decides is equitable. — movable property : property (as own property or crops) that may be moved — own property : property (as being a car or truck) that is movable but not together with crops or other sources nevertheless connected to land : property in addition to real property a tax on the personal property

— real property : property consisting of land, properties, crops, or other sources nonetheless hooked up to or within the land or enhancements or fixtures forever attached for the land or simply a structure on What's more, it : an desire, profit, right, or privilege in such property

called also immovable property — separate property : property of a partner that isn't Neighborhood property or marital property Specifically : property acquired by a husband or wife ahead of relationship or independently all through marriage (as by present or normally by inheritance) — tangible property : property that includes a tangible and corporeal existence and intrinsic financial price as a consequence of it the insurance policy limited property destruction protection to tangible property

These illustrations are programmatically compiled from several on the web sources to illustrate present-day utilization in the word 'property.' Any viewpoints expressed during the illustrations will not characterize All those of Merriam-Webster or its editors. Mail us feed-back about these illustrations.

— marital property : property obtained by possibly husband or wife in the course of the study course of the relationship that is certainly subject matter to division upon divorce

see also asset, estate, curiosity sense one, possession perception 1e — deserted property : property to which the owner has relinquished all rights Be aware: When property is deserted, the operator presents up the reasonable expectation of privacy regarding it. The finder of deserted property is entitled to maintain it, in addition to a police officer could just take possession of deserted property as proof without the need of violating the promise from unreasonable searches and seizures within the Fourth Amendment for the U.S. Structure. — immediately after-obtained property : property (as proceeds) that a debtor acquires once the commencement of a bankruptcy case and that is normally viewed as Component of the individual bankruptcy estate : property obtained once the perfection of a lien or security interest Particularly : this sort 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 more than one social gathering exclusively : property owned or leased by tenants in prevalent

possession in indivision at possession Observe: The states acquiring Group property legislation are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property During this entry precisely, inside the civil legislation of Louisiana : tracts of land with their part sections — intangible property : property (for a inventory certification or Qualified license) that derives price not from its intrinsic Bodily character but from what it signifies — intellectual property

of not conducting heat character applies to a peculiar and unique high quality of a factor or a class.

a : a quality or trait belonging and especially peculiar to somebody or detail b : an outcome that an item has on A different item or to the senses c : advantage feeling 2 d : an attribute frequent to all associates of a class

a : something owned or possessed specifically : a bit of real estate b : the special ideal to have, get pleasure from, and get rid of a point : ownership c : some thing to which someone or enterprise includes a legal title d : 1 (such as a performer) that's underneath agreement and whose operate is particularly beneficial e : a guide or script purchased for awards for contractors publication or output

property indicates a attribute that belongs into a point's important nature and could be applied to explain a kind or species.

see also QTIP have confidence in at believe in Note: Less than federal tax legislation the property have to be included in the gross estate of the surviving wife or husband at his / her possess Loss of life, exactly where it is issue to taxation.