prevalent property community property mental property private property property problems property harm insurance property ideal property tax community property
Look at tenancy in widespread at tenancy — community property : property held jointly by spouse and spouse specially : property Specifically from work obtained by both wife or husband right after relationship that is certainly considered in states possessing a Group property program to belong to both equally spouses as undivided a single-50 % passions
on the corporation : property belonging to a certain human being — experienced terminable interest property : property passing to some surviving husband or wife that qualifies with the marital deduction When the executor so elects delivering which the spouse is entitled to receive revenue in payments built at the least yearly for all times Which nobody has an influence to appoint any part of the property to any person besides the surviving spouse
see also antenuptial arrangement Note: In the majority of states, on divorce marital property is divided In accordance with exactly what the court decides is equitable. — movable property : property (as personalized property or crops) which might be moved — personal property : property (as being a automobile) that is certainly movable although not which include crops or other assets even now hooked up to land : property apart from real property a tax on the private property
— real property : property consisting of land, structures, crops, or other methods continue to connected to or in the land or advancements or fixtures permanently attached for the land or maybe a composition on In addition it : an desire, reward, proper, or privilege in these kinds of property
named also immovable property — individual property : property of the partner that isn't Neighborhood property or marital property especially : property acquired by a wife or husband just before relationship or individually in the course of relationship (as by gift or usually by inheritance) — tangible property : property that includes a tangible and corporeal existence and intrinsic economic worth as a consequence of it the insurance coverage limited property destruction coverage to tangible property
These examples are programmatically compiled from different on line sources As an example latest use from the phrase 'property.' Any views expressed in the examples tend not to characterize those of Merriam-Webster or its editors. Deliver us responses about these illustrations.
— marital property : property acquired by both husband or wife over the course of a marriage which is topic to division on divorce
see also asset, estate, desire sense 1, possession feeling 1e — deserted property : property to which the operator has relinquished all legal rights Note: When property is abandoned, the proprietor offers up the fair expectation of privacy concerning it. The finder of abandoned property is entitled to help keep it, and also a law enforcement officer may get possession of abandoned property as proof devoid of violating the guarantee towards unreasonable queries and seizures in the Fourth Modification to your U.S. Constitution. — following-obtained property : property (as proceeds) that a debtor acquires after the commencement of a personal bankruptcy circumstance and that's usually considered A part of the personal bankruptcy estate : property acquired following the perfection of the lien or protection desire Primarily : such property acquired after the creation of a lien or safety curiosity that is certainly matter to your lien or will become collateral for the safety desire : property transferred into the estate of the decedent after execution of the will — common property : property owned or used by more than one celebration particularly : property owned or leased by tenants in typical
ownership in indivision at ownership Be aware: The states possessing Neighborhood property legal guidelines are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New read more Mexico, and Wisconsin. — immovable property : real property During this entry specifically, in the civil law of Louisiana : tracts of land with their component parts — intangible property : property (as a stock certificate or professional license) that derives value 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 distinct excellent of the matter or a category.
a : an outstanding or trait belonging and particularly peculiar to a person or factor b : an effect that an object has on another item or over the senses c : advantage sense two d : an attribute popular to all users of a category
a : a thing owned or possessed precisely : a piece of real estate b : the distinctive ideal to have, love, and eliminate a point : possession c : one thing to which somebody or small business incorporates a authorized title d : a single (such as a performer) who is under deal and whose do the job is very precious e : a ebook or script acquired for publication or creation
property implies a characteristic that belongs to the detail's necessary character and will be employed to describe a type or species.
see also QTIP belief at rely on Observe: Beneath federal tax law the property must be A part of the gross estate with the surviving husband or wife at their own Dying, wherever it truly is topic to taxation.