prevalent property Local community property intellectual property individual property property damage property destruction insurance property ideal property tax community property
Evaluate tenancy in widespread at tenancy — Neighborhood property : property held jointly by partner and wife precisely : property Specially from employment obtained by possibly husband or wife following relationship that is definitely deemed in states aquiring a community property procedure to belong to equally spouses as undivided 1-50 percent interests
on the corporation : property belonging to a certain person — skilled terminable interest property : property passing to your surviving partner that qualifies with the marital deduction When the executor so elects giving that the husband or wife is entitled to receive profits in payments made no less than on a yearly basis for life Which no-one has an influence to appoint any Portion of the property to anyone aside from the surviving spouse
see also antenuptial arrangement Note: For most states, upon divorce marital property is split Based on just what the court docket establishes is equitable. — movable property : property (as private property or crops) which might be moved — private property : property (for a car) that is certainly movable but not which includes crops or other means nonetheless 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 forever attached to your land or a construction on In addition it : an desire, advantage, suitable, or privilege in these kinds of property
termed also immovable property — independent property : property of a husband or wife that's not community property or marital property Specifically : property obtained by a husband or wife right before marriage or individually for the duration of relationship (as by reward or frequently by inheritance) — tangible property : property that features a tangible and corporeal existence and intrinsic financial benefit thanks to it the insurance coverage policy restricted property injury coverage to tangible property
These examples are programmatically compiled from a variety of on the net resources to illustrate present utilization on the word 'property.' Any viewpoints expressed in the illustrations do not represent those of Merriam-Webster or its editors. Deliver us suggestions about these examples.
— marital property : property acquired by both husband or wife over the course of the marriage that's matter to division on divorce
see also asset, estate, fascination perception one, possession perception 1e — abandoned property : property to which the owner has relinquished all rights Be aware: When property is abandoned, the owner provides up the realistic expectation of privateness about it. The finder of deserted property is entitled to maintain it, and a police officer might get possession of abandoned property as evidence without having violating the ensure towards unreasonable searches and seizures within the Fourth Amendment to the U.S. Structure. — just after-obtained property : property (as proceeds) that a debtor acquires once the commencement of the individual bankruptcy circumstance and that's commonly thought of Element of the individual bankruptcy estate : property obtained following the perfection of the lien or safety curiosity Specifically website : this kind of property acquired after the generation of the lien or protection curiosity which is topic towards the lien or becomes collateral for the security fascination : property transferred on the estate of a decedent following execution in the will — frequent property : property owned or utilized by multiple social gathering specially : 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 exclusively, within the civil regulation of Louisiana : tracts of land with their ingredient sections — intangible property : property (to be a inventory certification or Experienced license) that derives benefit not from its intrinsic Actual physical mother nature but from what it signifies — mental property
of not conducting warmth character relates to a peculiar and exclusive good quality of the issue or a class.
a : a top quality or trait belonging and especially peculiar to a person or point b : an impact that an object has on An additional object or on the senses c : advantage perception two d : an attribute popular to all customers of a category
a : anything owned or possessed exclusively : a bit of real estate b : the distinctive proper to possess, appreciate, and dispose of a thing : possession c : a thing to which somebody or small business features a legal title d : one (for instance a performer) that's underneath agreement and whose perform is especially beneficial e : a book or script purchased for publication or output
property indicates a attribute that belongs to some factor's essential mother nature and could be applied to explain a kind or species.
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 his / her possess Loss of life, exactly where it is issue to taxation.