common property Local community property intellectual property personal property property destruction property injury insurance coverage property right property tax general public property
Assess tenancy in typical at tenancy — Group property : property held jointly by spouse and spouse exclusively : property Particularly from employment obtained by either wife or husband just after marriage that is considered in states having a Local community property system to belong to both equally spouses as undivided one particular-half passions
of the Company : property belonging to a particular man or woman — skilled terminable interest property : property passing to your surviving partner that qualifies to the marital deduction if the executor so elects delivering that the spouse is entitled to obtain income in payments manufactured not less than each year for all times 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 Notice: For most states, upon divorce marital property is split In keeping with just what the court determines is equitable. — movable property : property (as individual property or crops) that may be moved — individual property : property (as being a automobile) that is definitely movable although not which include crops or other means continue to hooked up to land : property in addition to real property a tax on the personal property
— real property : property consisting of land, structures, crops, or other methods even now attached to or inside the land or advancements or fixtures permanently connected into the land or perhaps a framework on it also : an curiosity, profit, correct, or privilege in these kinds of property
termed also immovable property — independent property : property of a husband or wife that isn't community property or marital property Specifically : property obtained by a husband or wife 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 thanks to it the insurance policy coverage limited property harm coverage to tangible property
These illustrations are programmatically compiled from various on-line resources As an instance current utilization on the term 'property.' Any opinions expressed inside the illustrations never represent Individuals of Merriam-Webster or its editors. Ship us responses about these examples.
— marital property : property acquired by both husband or wife in the program of a relationship that may be subject 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 deserted, the operator gives up the affordable expectation of privacy regarding it. The finder of deserted property is entitled to maintain it, and a police officer may get possession of abandoned property as evidence without the need of violating the assurance in opposition to unreasonable queries and seizures inside the Fourth Amendment for the U.S. Constitution. — just after-acquired property : property (as proceeds) that a debtor acquires after the commencement of a personal bankruptcy scenario and that's commonly thought of part of the 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 which is subject 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 — typical property : property owned or used by more than one get together exclusively : property owned or leased by tenants in widespread
possession in indivision at possession Observe: The states acquiring Group property guidelines 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 parts — intangible property : property (as a stock certification or Specialist license) that derives price not from its intrinsic Bodily character but from what it signifies — intellectual property
of not conducting heat character applies to a peculiar and unique top quality of a point or a class.
a : a high quality or trait belonging and especially peculiar to a person or point b : an impact that an object has on An additional object or around the senses c : virtue sense two d : an attribute popular to all users of a category
a : a thing owned or possessed specially : a bit of real estate b : the exceptional appropriate to have, get pleasure from, and get rid of a point : ownership c : something to which someone or business features a authorized title d : one (like a performer) that is under contract and whose operate is very valuable e : a e-book or script acquired for publication or creation
property indicates a characteristic that belongs to some issue's critical nature and will be applied to explain a kind or species.
see also QTIP rely on at rely on Be aware: Below federal read more tax law the property needs to be A part of the gross estate on the surviving husband or wife at their personal death, where by it can be subject matter to taxation.