frequent property Local community property intellectual property individual property property destruction property injury insurance coverage property ideal property tax community property
compare tenancy in prevalent at tenancy — Neighborhood property : property held jointly by spouse and wife specially : property Particularly from work acquired by both husband or wife just after marriage that's deemed in states using a community property process to belong to the two spouses as undivided 1-50 percent interests
in the Company : property belonging to a particular particular person — capable terminable fascination property : property passing to a surviving spouse that qualifies for the marital deduction If your executor so elects providing that the partner is entitled to obtain revenue in payments designed a minimum of per year for life and that nobody has an influence to appoint any Element of the property to any person besides the surviving spouse
see also antenuptial agreement Be aware: For most states, upon divorce marital property is divided In line with what the court determines is equitable. — movable property : property (as personalized property or crops) which might be moved — individual property : property (being a car) that may be movable although not including crops or other assets continue to connected to land : property besides 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 hooked up for the land or maybe a structure on In addition, it : an desire, benefit, proper, or privilege in these property
known as also immovable property — individual property : property of the spouse that isn't Local community property or marital property especially : property acquired by a husband or wife right before marriage or independently through relationship (as by reward or often by inheritance) — tangible property : property which has a tangible and corporeal existence and intrinsic financial benefit due to it the insurance policy plan limited property damage coverage to tangible property
These illustrations are programmatically compiled from many online sources As an example latest usage from the phrase 'property.' Any views expressed during the examples here usually do not characterize Those people of Merriam-Webster or its editors. Send us comments about these illustrations.
— marital property : property obtained by possibly spouse throughout the system of the relationship that is topic to division upon divorce
see also asset, estate, fascination perception one, possession perception 1e — abandoned property : property to which the owner has relinquished all rights Notice: When property is deserted, the operator presents up the reasonable expectation of privacy regarding it. The finder of abandoned property is entitled to help keep it, and also a law enforcement officer may perhaps take possession of abandoned property as evidence without having violating the promise from unreasonable lookups and seizures inside the Fourth Amendment on the U.S. Structure. — just after-obtained property : property (as proceeds) that a debtor acquires after the commencement of a bankruptcy situation and that is typically regarded Component of the individual bankruptcy estate : property obtained once the perfection of the lien or stability curiosity Specially : these property obtained once the generation of the lien or stability interest that is subject towards the lien or gets to be collateral for the security curiosity : property transferred for the estate of the decedent soon after execution on the will — widespread property : property owned or utilized by multiple occasion specially : property owned or leased by tenants in prevalent
possession in indivision at possession Observe: The states acquiring Group property guidelines are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property During this entry precisely, during the civil regulation of Louisiana : tracts of land with their ingredient pieces — intangible property : property (to be a inventory certification or Qualified license) that derives price not from its intrinsic Actual physical character but from what it signifies — mental 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 an individual or detail b : an outcome that an item has on A further item or over the senses c : advantage perception two d : an attribute frequent to all associates of a class
a : some thing owned or possessed particularly : a piece of real estate b : the exclusive ideal to have, delight in, and get rid of a issue : ownership c : some thing to which an individual or business has a lawful title d : just one (like a performer) that is 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 mother nature and could be utilized to explain a sort or species.
see also QTIP believe in at rely on Note: Beneath federal tax regulation the property must be included in the gross estate from the surviving spouse at his / her individual Loss of life, exactly where it is issue to taxation.