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prevalent property Local community property intellectual property private property property injury property harm insurance coverage property correct property tax public property
Evaluate tenancy in typical at tenancy — community property : property held jointly by partner and spouse particularly : property Specifically from employment obtained by both partner after marriage that is considered in states using a Local community property program to belong to the two spouses as undivided 1-50 % pursuits
on the corporation : property belonging to a selected man or woman — skilled terminable fascination property : property passing to some surviving spouse that qualifies for your marital deduction if the executor so elects furnishing the spouse is entitled to obtain earnings in payments designed at the very least on a yearly basis for all times Which no one has a power to appoint any Component of the property to any person aside from the surviving husband or wife
see also antenuptial settlement Be aware: In the majority of states, on divorce marital property is divided As outlined by what the courtroom decides is equitable. — movable property : property (as particular property or crops) which can be moved — own property : property (being a car or truck) that may be movable although not including crops or other resources still hooked up to land : property apart from real property a tax on the non-public property
— real property : property consisting of land, properties, crops, or other assets nevertheless hooked up to or in the land or improvements or fixtures completely attached to your land or even a composition on Furthermore, it : an curiosity, benefit, ideal, or privilege in these property
known as also immovable property — independent property : property of a husband or wife that is not community property or marital property Primarily : property acquired by a partner before relationship or separately for the duration of relationship (as by gift or generally by inheritance) — tangible property : property that has a tangible and corporeal existence and intrinsic financial benefit as a result of it the insurance plan policy restricted property problems coverage to tangible property
These examples are programmatically compiled from different on line sources As an example present-day usage in the term 'property.' Any opinions expressed within the illustrations never represent Individuals of Merriam-Webster or its editors. Send out us feedback about these examples.
— marital property : property acquired by both wife or husband throughout the training course of the relationship that is topic to division upon divorce
see also asset, estate, fascination perception one, possession sense 1e — abandoned property : property to which the proprietor has relinquished all rights Observe: 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, plus a law enforcement officer more info may well choose possession of deserted property as evidence with out violating the ensure in opposition to unreasonable queries and seizures from the Fourth Modification to your U.S. Structure. — just after-obtained property : property (as proceeds) that a debtor acquires after the commencement of a bankruptcy case and that is usually regarded as Portion of the personal bankruptcy estate : property acquired after the perfection of a lien or security interest Specially : these property obtained once the development of a lien or safety curiosity which is topic for the lien or gets to be collateral for the security interest : property transferred to the estate of the decedent just after execution of your will — prevalent property : property owned or utilized by more than one get together especially : property owned or leased by tenants in typical
ownership in indivision at possession Observe: The states obtaining Neighborhood property legal guidelines are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property On this entry particularly, in the civil regulation of Louisiana : tracts of land with their part areas — intangible property : property (as being a stock certification or Specialist license) that derives worth not from its intrinsic physical mother nature but from what it represents — mental property
of not conducting heat character applies to a peculiar and distinct excellent of a thing or a category.
a : an outstanding or trait belonging and especially peculiar to somebody or matter b : an result that an object has on A further item or around the senses c : advantage feeling 2 d : an attribute prevalent to all associates of a class
a : a thing owned or possessed exclusively : a piece of real estate b : the exceptional proper to possess, delight in, and get rid of a thing : possession c : one thing to which anyone or organization features a lawful title d : a single (for instance a performer) who's under agreement and whose work is very beneficial e : a guide or script procured for publication or creation
property implies a characteristic that belongs to the issue's essential character and may be utilised to explain a kind or species.
see also QTIP trust at have faith in Note: Beneath federal tax regulation the property has to be A part of the gross estate from the surviving husband or wife at his or her possess Dying, in which it is actually topic to taxation.