known as also immovable property — individual property : property of a partner that is not Local community property or marital property Specifically : property obtained by a partner before relationship or individually all through marriage (as by gift or generally by inheritance) — tangible property : property which has a tangible and corporeal existence and intrinsic financial worth because of it the insurance plan policy limited property damage protection to tangible property
see also asset, estate, curiosity perception 1, possession feeling 1e — abandoned property : property to which the proprietor has relinquished all legal rights Notice: When property is deserted, the owner provides up the reasonable expectation of privateness concerning it. The finder of deserted property is entitled to maintain it, plus a police officer could acquire possession of deserted property as evidence devoid of violating the assure towards unreasonable lookups and seizures inside the Fourth Modification into the U.S. Structure. — right after-acquired property : property (as proceeds) that a debtor acquires following the commencement of a personal bankruptcy case and that's usually deemed part of the personal bankruptcy estate : property obtained after the perfection of a lien or stability interest Specially : these types of property acquired following the creation of a lien or protection desire which is issue towards the lien or will become collateral for the security curiosity : property transferred to your estate of a decedent soon after execution with the will — common property : property owned or utilized by multiple bash especially : property owned or leased by tenants in prevalent
of not conducting heat character applies to a peculiar and distinct high quality of a matter or a category.
a : a high quality or trait belonging and especially peculiar to somebody or thing b : an impact that an object has on A different object or within the senses c : advantage perception two d : an attribute common to all associates of a class
— marital property : property obtained by possibly spouse through the system of the relationship that may be topic to division upon divorce
a : a thing owned or possessed specifically : a piece of real estate b : the distinctive appropriate to have, love, and dispose of a factor : ownership c : anything to which anyone or business features a legal title d : one particular (for instance a performer) that's less than contract and whose function is especially useful e : a ebook or script ordered for publication or output
popular property community property intellectual property private property property hurt property hurt insurance policies property appropriate property tax general public property
possession in indivision at possession Take note: The states owning Group property laws are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property Within this entry particularly, inside the civil legislation of Louisiana : tracts of land with their element areas — intangible property : property (being a stock certificate or Skilled license) that derives worth not from its intrinsic physical nature but from what it signifies — mental property
These illustrations are programmatically compiled from several here on the net resources As an example recent utilization in the phrase 'property.' Any opinions expressed in the illustrations never stand for Those people of Merriam-Webster or its editors. Send out us comments about these examples.
see also QTIP believe in at trust Take note: Underneath federal tax legislation the property has to be included in the gross estate of the surviving wife or husband at her or his very own Loss of life, where it can be matter to taxation.
from the Company : property belonging to a certain particular person — competent terminable interest property : property passing to your surviving spouse that qualifies with the marital deduction In the event the executor so elects giving the wife or husband is entitled to obtain money in payments manufactured at the very least annually for all times and that no person has a power to appoint any Component of the property to any person in addition to the surviving partner
property indicates a characteristic that belongs to your thing's important mother nature and will be made use of to describe a sort or species.
Evaluate tenancy in common at tenancy — Neighborhood property : property held jointly by partner and spouse especially : property especially from work obtained by either husband or wife following relationship that's considered in states having a Local community property system to belong to equally spouses as undivided a person-50 percent pursuits
see also antenuptial arrangement Take note: In most states, on divorce marital property is divided In line with what the court decides is equitable. — movable property : property (as personal property or crops) that could be moved — individual property : property (for a automobile) that may be movable but not which include crops or other resources even now hooked up to land : property other than real property a tax on the private property
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