Fascination About america property

popular property Neighborhood property mental property personal property property hurt property harm insurance property right property tax general public property

Assess tenancy in widespread at tenancy — community property : property held jointly by spouse and spouse specifically : property In particular from employment acquired by possibly spouse soon after marriage that may be deemed in states having a Local community property method to belong to each spouses as undivided just one-half interests

with the corporation : property belonging to a certain individual — skilled terminable interest property : property passing to your surviving spouse that qualifies for that marital deduction In the event the executor so elects furnishing the wife or husband is entitled to obtain money in payments created not less than every year for all times and that not a soul has a power to appoint any Element of the property to any person in addition to the surviving partner

see also antenuptial settlement Be aware: In the majority of states, upon divorce marital property is divided In keeping with exactly what the court docket determines is equitable. — movable property : property (as particular property or crops) that can be moved — personalized property : property (as a motor vehicle) that may be movable but not which include crops or other resources even now connected to land : property besides real property a tax on the non-public property

— real property : property consisting of land, buildings, crops, or other assets however attached to or in the land or advancements or fixtures permanently attached for the land or perhaps a framework on What's more, it : an desire, profit, proper, or privilege in these types of property

known as also immovable property — independent property : property of the husband or wife that's not community property or marital property Specifically : property obtained by a wife or husband before marriage or separately in the course of marriage (as by present or generally by inheritance) — tangible property : property that includes a tangible and corporeal existence and intrinsic financial benefit thanks to it the insurance coverage policy restricted property harm coverage to tangible property

These illustrations are programmatically compiled from many on line sources to illustrate present usage in the word 'property.' Any opinions expressed in the examples don't symbolize These of Merriam-Webster or its editors. Deliver us opinions about these examples.

— marital property : property acquired by either spouse in the study course of a marriage that's issue to division on divorce

see also asset, estate, curiosity sense one, possession perception 1e — deserted property : property to which the proprietor has relinquished all rights Be aware: When property is abandoned, the owner presents up the fair expectation of privateness concerning it. The finder of deserted property is entitled to maintain it, and also a law enforcement officer may well just take possession of abandoned property as evidence without violating the warranty from unreasonable queries and seizures while in the Fourth Amendment to the U.S. Structure. — immediately after-acquired property : property (as proceeds) that a debtor acquires after the commencement of a individual bankruptcy scenario and that is generally considered Component of the personal bankruptcy estate : property acquired once the perfection of the lien or safety curiosity especially : these types of property obtained following the creation of the lien or protection curiosity that's subject matter to your lien or gets collateral for the security interest : property transferred into the estate of a decedent following execution of your will — frequent property : property owned or used by multiple occasion exclusively : property owned or leased by tenants in widespread

ownership in indivision at possession Observe: The states having Local community property legal guidelines are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property in this entry specially, inside the civil regulation of Louisiana : tracts of land with their element parts — intangible property : property (being a stock certification or professional license) that derives worth not from its intrinsic Actual physical character but from what it signifies — intellectual property

of not conducting warmth character applies to a peculiar and exclusive quality of a detail or a class.

a : an excellent or trait belonging and especially peculiar to an individual or issue b : an impact that an object has on another item or around the senses c : advantage sense two d : an attribute common to all customers of a category

a : anything owned or possessed specifically : a bit click here of real estate b : the special proper to have, get pleasure from, and eliminate a factor : possession c : a little something to which an individual or business enterprise includes a lawful title d : one particular (for instance a performer) who's less than agreement and whose do the job is particularly important e : a guide or script acquired for publication or production

property implies a attribute that belongs to some matter's crucial mother nature and may be employed to explain a kind or species.

see also QTIP belief at believe in Observe: Under federal tax legislation the property needs to be included in the gross estate with the surviving spouse at his or her possess Dying, exactly where it truly is issue to taxation.