popular property Local community property mental property individual property property harm property destruction insurance plan property proper property tax public property
Assess tenancy in common at tenancy — Local community property : property held jointly by partner and wife specially : property Specifically from work acquired by both wife or husband right after relationship that is certainly deemed in states aquiring a Neighborhood property procedure to belong to equally spouses as undivided a single-half passions
on the Company : property belonging to a specific human being — experienced terminable curiosity property : property passing to the surviving partner that qualifies with the marital deduction In case the executor so elects providing the partner is entitled to acquire earnings in payments designed at least per year for life Which no person has an influence to appoint any Portion of the property to anyone other than the surviving husband or wife
see also antenuptial agreement Notice: In most states, on divorce marital property is divided In line with just what the court establishes is equitable. — movable property : property (as private property or crops) which might be moved — private property : property (to be a automobile) that is definitely movable but not like crops or other means nevertheless hooked up to land : property other than real property a tax on the private property
— real property : property consisting of land, properties, crops, or other sources even now hooked up to or inside the land or enhancements or fixtures completely connected into the land or perhaps a framework on In addition it : an interest, reward, suitable, or privilege in such property
called also immovable property — independent property : property of the wife or husband that is not Neighborhood property or marital property Specially : property obtained by a wife or husband prior to marriage or independently through relationship (as by reward or often by inheritance) — tangible property : property that has a tangible and corporeal existence and intrinsic economic worth as a consequence of it the insurance coverage policy restricted property hurt coverage to tangible property
These examples are programmatically compiled from different on-line sources to illustrate present-day utilization in the word 'property.' Any opinions expressed from the examples do not stand for Those people of Merriam-Webster or its editors. Mail us feed-back about these illustrations.
— marital property : property acquired by either wife or husband over the study course of the marriage that's subject to division upon divorce
see also asset, estate, interest perception one, possession feeling 1e — abandoned property : property to which the owner has relinquished all legal rights Observe: When property is abandoned, the owner presents up the fair expectation of privateness about it. The finder of deserted property is entitled to help keep it, along with a law enforcement officer may well just take possession of abandoned property as evidence without the need of violating the assurance in opposition to unreasonable queries and seizures while in the Fourth Amendment into the U.S. Structure. — following-acquired property : property (as proceeds) that a debtor acquires once the commencement of the bankruptcy case and that's normally regarded as Element of the individual bankruptcy estate : property acquired once the perfection of the lien or security desire Specifically : such property obtained after the development of a lien or protection curiosity that's issue towards the lien or results in being collateral for the security interest : property transferred to your estate of a decedent just after execution in the will — common property : property owned or utilized by more than one occasion especially : property owned or leased by tenants in popular
possession in indivision at possession Be aware: The states owning Neighborhood property laws are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property In this particular entry specifically, while in the civil law of Louisiana : tracts of land with their element pieces — intangible property : property (like a inventory certificate or Qualified license) that derives value not from its more info intrinsic Bodily nature but from what it represents — mental property
of not conducting heat character relates to a peculiar and distinctive good quality of a point or a category.
a : a high quality or trait belonging and particularly peculiar to an individual or issue b : an effect that an item has on A further object or to the senses c : virtue feeling two d : an attribute typical to all customers of a category
a : some thing owned or possessed specially : a piece of real estate b : the unique suitable to possess, take pleasure in, and eliminate a thing : ownership c : a thing to which a person or organization provides a legal title d : a single (for instance a performer) who is below deal and whose get the job done is especially useful e : a e book or script purchased for publication or manufacturing
property indicates a attribute that belongs to the factor's vital mother nature and may be used to explain a sort or species.
see also QTIP believe in at trust Take note: Below federal tax legislation the property need to be A part of the gross estate of your surviving spouse at their personal Loss of life, the place it is actually subject matter to taxation.