prevalent property Neighborhood property mental property particular property property injury property damage coverage property appropriate property tax public property
Review tenancy in typical at tenancy — Group property : property held jointly by spouse and wife specially : property Particularly from work acquired by possibly partner after marriage that is considered in states having a Local community property method to belong to both of those spouses as undivided a single-50 % passions
of the Company : property belonging to a selected particular person — qualified terminable fascination property : property passing to a surviving husband or wife that qualifies with the marital deduction In case the executor so elects providing the spouse is entitled to get money in payments created at least every year for life and that not a soul has a power to appoint any Component of the property to any person besides the surviving spouse
see also antenuptial arrangement Note: For most states, on divorce marital property is split Based on just what the court decides is equitable. — movable property : property (as personal property or crops) which can be moved — own property : property (like a car or truck) that is definitely movable although not which include crops or other resources nonetheless connected to land : property other than real property a tax on the non-public property
— real property : property consisting of land, buildings, crops, or other assets even now hooked up to or inside the land or enhancements or fixtures forever hooked up into the land or simply a structure on Furthermore, it : an fascination, reward, ideal, or privilege in this sort of property
known as also immovable property — individual property : property of the spouse that isn't Group property or marital property Particularly : property acquired by a wife or husband right before marriage or separately throughout relationship (as by reward or normally by inheritance) — tangible property : property that has a tangible and corporeal existence and intrinsic economic worth on account of it the insurance plan plan limited property problems coverage to tangible property
These examples are programmatically compiled from several on the web sources For example latest utilization of the term 'property.' Any views expressed inside the examples don't signify Individuals of Merriam-Webster or its editors. Deliver us feedback about these examples.
— marital property : property obtained by possibly spouse in the study course of the marriage that is certainly subject matter to division upon divorce
see also asset, estate, interest perception 1, possession sense 1e — deserted property : property to which the proprietor has relinquished all legal rights Note: When property is abandoned, the proprietor offers up the affordable expectation of privacy relating to it. The finder of abandoned property is entitled to maintain it, in addition to a law enforcement officer may possibly acquire possession of deserted property as evidence without having violating the assurance versus unreasonable queries and seizures within the Fourth Modification into the U.S. Structure. — immediately after-obtained property : property (as proceeds) that a debtor acquires once the commencement of the bankruptcy case and that is typically viewed as Component of the personal bankruptcy estate : property acquired once the perfection of the lien or safety curiosity In particular : this kind of property acquired following the generation of a lien or security desire that is certainly matter towards the lien or will become collateral for the security fascination : property transferred to your estate of the decedent just after execution of the will — common property : property owned or used by more than one celebration particularly : property owned or leased by tenants in frequent
ownership in indivision at ownership Notice: The states possessing Local community property rules are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property With this entry specially, from the civil regulation of Louisiana : tracts of land with their ingredient sections — intangible property : property (to be a inventory certification or Qualified license) that derives price not from its intrinsic Actual physical mother nature but from what it signifies — mental property
of not conducting warmth character applies to a peculiar and distinct top quality of the issue or a class.
a : an outstanding or more info trait belonging and especially peculiar to someone or matter b : an influence that an item has on A further object or over the senses c : virtue sense two d : an attribute popular to all associates of a class
a : something owned or possessed especially : a bit of real estate b : the unique proper to possess, take pleasure in, and dispose of a factor : ownership c : something to which a person or business enterprise contains a lawful title d : just one (for instance a performer) that is beneath contract and whose function is especially important e : a reserve or script ordered for publication or generation
property indicates a characteristic that belongs to some thing's essential mother nature and should be utilised to describe a type or species.
see also QTIP believe in at trust Take note: Underneath federal tax legislation the property needs to be included in the gross estate on the surviving husband or wife at her or his possess Loss of life, exactly where it is issue to taxation.