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Examine tenancy in common at tenancy — Local community property : property held jointly by husband and spouse especially : property especially from work acquired by both spouse just after relationship that is considered in states having a Local community property program to belong to both of those spouses as undivided a single-half passions
of the Company : property belonging to a particular individual — capable terminable fascination property : property passing to a surviving husband or wife that qualifies for the marital deduction In case the executor so elects supplying the spouse is entitled to get income in payments manufactured a minimum of per year for life Which not a soul has a power to appoint any Element of the property to any person besides 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 personalized property or crops) that can be moved — personalized property : property (like a car) that is definitely movable but not which include crops or other resources even now hooked up to land : property apart from real property a tax on the personal property
— real property : property consisting of land, structures, crops, or other means nevertheless attached to or inside the land or enhancements or fixtures permanently attached towards the land or maybe a composition on In addition it : an interest, advantage, suitable, or privilege in such property
named also immovable property — different property : property of a wife or husband that's not Neighborhood property or marital property In particular : property acquired by a wife or husband before marriage or independently all through marriage (as by present or generally by inheritance) — tangible property : property that has a tangible and corporeal existence and intrinsic economic price because of it the insurance policy plan limited property harm coverage to tangible property
These illustrations are programmatically compiled from various on the internet resources For example present utilization with the term 'property.' Any opinions expressed inside the illustrations do not symbolize All those of Merriam-Webster or its editors. Mail us suggestions about these examples.
— marital property : property acquired by both wife or husband throughout the system of the relationship that's matter 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 Be aware: When property is abandoned, the proprietor presents up the reasonable expectation of privacy regarding it. The finder of deserted property is entitled to maintain it, and a police officer might just take possession of deserted property as proof without violating the assure in opposition to unreasonable lookups and seizures during the Fourth Modification to the U.S. Constitution. — right after-obtained property : property (as proceeds) that a debtor acquires once the commencement of the individual bankruptcy case and that is typically regarded Component of the individual bankruptcy estate : property obtained after the perfection of a lien or safety curiosity Specially : these kinds of property obtained once the generation of the lien or security interest that's topic for the lien or gets collateral for the security fascination : property transferred on the estate of the decedent immediately after execution of your 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 possession Notice: The states obtaining Local community property legislation are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property During this entry specifically, in the civil law of Louisiana : tracts of land with their component components — intangible property : property (like a inventory certificate or professional license) that derives price not from its intrinsic physical character but from what it represents — mental property
of not conducting heat character applies to a peculiar and distinct top quality of the detail or a category.
a : a quality or trait belonging and especially peculiar to somebody or detail b : an effect that an item has on A further item or over the senses c : advantage perception two d : an attribute prevalent to all customers of a category
a : a thing owned or possessed specially : a bit of real estate b : the exceptional appropriate to possess, take pleasure in, and get rid of a point : ownership c : some thing to which a person or business has a lawful title d : a person (for instance a performer) that is beneath agreement and whose operate is particularly worthwhile e : a ebook or script acquired for publication or creation
property indicates a attribute that belongs into a issue's vital character and should be utilised to explain a kind or species.
see also QTIP have faith in at have faith in Notice: Beneath federal tax legislation the property have to be A part of the gross estate on the surviving husband or wife at website her or his possess Demise, the place it truly is matter to taxation.