Not known Facts About property
Not known Facts About property
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Review tenancy in frequent at tenancy — community property : property held jointly by spouse and wife specifically : property Specially from employment obtained by possibly partner following relationship which is considered in states possessing a Group property technique to belong to each spouses as undivided just one-half pursuits
from the Company : property belonging to a particular man or woman — qualified terminable fascination property : property passing to a surviving husband or wife that qualifies for the marital deduction Should the executor so elects delivering which the partner is entitled to acquire earnings in payments manufactured a minimum of per year for life and that not a soul has a power to appoint any Element of the property to any person aside from the surviving partner
see also antenuptial arrangement Take note: In many states, upon divorce marital property is split according to exactly what the courtroom determines is equitable. — movable property : property (as private property or crops) that may be moved — own property : property (as a car) that is certainly movable although not together with crops or other resources nevertheless connected to land : property other than real property a tax on the private property
— real property : property consisting of land, properties, crops, or other resources nonetheless connected to or in the land or advancements or fixtures forever attached towards the land or simply a composition on Additionally, it : an fascination, gain, appropriate, or privilege in these kinds of property
referred to as also immovable property — independent property : property of a spouse that is not Neighborhood property or marital property Particularly : property acquired by a partner in advance of marriage or individually in the course of relationship (as by present or normally by inheritance) — tangible property : property that includes a tangible and corporeal existence and intrinsic financial value as a result of it the insurance policies plan limited property destruction protection to tangible property
These illustrations are programmatically compiled from different on-line resources As an instance recent usage of the term 'property.' Any viewpoints expressed in the examples don't signify People of Merriam-Webster or its editors. Send out us responses about these illustrations.
— marital property : property acquired by either partner in the here course of a marriage that is topic to division upon divorce
see also asset, estate, interest feeling 1, possession sense 1e — abandoned property : property to which the owner has relinquished all rights Be aware: When property is abandoned, the owner gives up the reasonable expectation of privacy concerning it. The finder of deserted property is entitled to help keep it, and also a law enforcement officer could get possession of abandoned property as proof without the need of violating the assurance from unreasonable queries and seizures inside the Fourth Modification to your U.S. Structure. — soon after-acquired property : property (as proceeds) that a debtor acquires after the commencement of the individual bankruptcy scenario and that is generally considered part of the individual bankruptcy estate : property acquired after the perfection of the lien or safety curiosity Specifically : such property acquired once the development of a lien or stability fascination that is certainly matter for the lien or gets to be collateral for the safety fascination : property transferred for the estate of a decedent just after execution of your will — widespread property : property owned or utilized by more than one party precisely : property owned or leased by tenants in prevalent
ownership in indivision at possession Notice: The states getting Group property rules are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property On this entry particularly, during the civil regulation of Louisiana : tracts of land with their element parts — intangible property : property (for a inventory certificate or Expert license) that derives benefit not from its intrinsic Bodily nature but from what it signifies — intellectual property
of not conducting warmth character applies to a peculiar and distinct excellent of a detail or a category.
a : an outstanding or trait belonging and especially peculiar to somebody or issue b : an outcome that an object has on another item or within the senses c : advantage feeling two d : an attribute typical to all customers of a category
a : a thing owned or possessed particularly : a bit of real estate b : the distinctive right to have, appreciate, and eliminate a issue : ownership c : a thing to which someone or business provides a legal title d : just one (like a performer) that's beneath contract and whose get the job done is especially precious e : a e-book or script procured for publication or creation
property implies a characteristic that belongs to the issue's essential character and may be utilised to describe a kind or species.
see also QTIP believe in at rely on Be aware: Underneath federal tax law the property need to be included in the gross estate on the surviving wife or husband at their have death, wherever it is actually matter to taxation.