property - An Overview

prevalent property Group property mental property particular property property injury property problems insurance plan property proper property tax general public property

Assess tenancy in common at tenancy — Local community property : property held jointly by husband and spouse exclusively : property Particularly from work acquired by possibly partner just after marriage that is considered in states having a Local community property system to belong to equally spouses as undivided 1-50 percent interests

with the corporation : property belonging to a certain person — skilled terminable interest property : property passing to your surviving spouse that qualifies for that marital deduction if the executor so elects delivering that the husband or wife is entitled to acquire revenue in payments built at the very least every year for all times and that not a soul has a power to appoint any Component of the property to any person besides the surviving spouse

see also antenuptial arrangement Note: In many states, on divorce marital property is divided As outlined by what the courtroom establishes is equitable. — movable property : property (as private property or crops) which might be moved — individual property : property (for a vehicle) that is certainly movable although not such as crops or other methods still 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 resources nevertheless hooked up to or within the land or enhancements or fixtures forever attached on the land or simply a construction on What's more, it : an interest, advantage, suitable, or privilege in such property

named also immovable property — different property : property of a partner that's not Group property or marital property Particularly : property obtained by a wife or husband prior to relationship or individually through relationship (as by gift or typically by inheritance) — tangible property : property that includes a tangible and corporeal existence and intrinsic economic worth on account of it the coverage policy restricted property hurt protection to tangible property

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

— marital property : property acquired by possibly wife or husband during the program of the relationship that may be subject to division upon divorce

see also asset, estate, fascination feeling one, possession perception 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 might just take possession of deserted property as proof with out violating the guarantee against unreasonable queries and seizures from the Fourth Modification to the U.S. Constitution. — following-acquired property : property (as proceeds) that a debtor acquires following the commencement of the personal bankruptcy scenario 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 obtained after the creation of a lien or security curiosity that's matter on the lien or gets collateral for the safety fascination : property transferred to your estate of the decedent just after execution of your will — constructing excellence common property : property owned or used by more than one party particularly : property owned or leased by tenants in typical

ownership in indivision at ownership Notice: The states possessing Neighborhood property rules are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property In this particular entry specially, from the civil regulation 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 top quality of the matter or a category.

a : an outstanding or trait belonging and particularly peculiar to someone or issue b : an result that an item has on One more object or within the senses c : virtue sense 2 d : an attribute common to all members of a category

a : a little something owned or possessed specifically : a bit of real estate b : the special suitable to have, get pleasure from, and get rid of a point : ownership c : one thing to which an individual or company features a legal title d : one (for instance a performer) that is underneath agreement and whose perform is particularly beneficial e : a book or script purchased for publication or output

property indicates a attribute that belongs into a factor'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 regulation the property have to be included in the gross estate from the surviving spouse at his / her individual Demise, in which it's subject to taxation.

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