Getting My realtor To Work
Getting My realtor To Work
Blog Article
prevalent property Neighborhood property mental property own property property problems property injury insurance property ideal property tax community property
Evaluate tenancy in popular at tenancy — Neighborhood property : property held jointly by husband and spouse especially : property Particularly from work acquired by possibly spouse after marriage that is certainly deemed in states getting a Group property technique to belong to both spouses as undivided just one-50 percent passions
of your Company : property belonging to a selected man or woman — experienced terminable interest property : property passing to your surviving partner that qualifies for that marital deduction When the executor so elects furnishing that the husband or wife is entitled to receive profits in payments produced 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 Note: In the majority of states, on divorce marital property is divided In keeping with what the courtroom determines is equitable. — movable property : property (as personalized property or crops) which might be moved — private property : property (like a auto) that is definitely movable but not together with crops or other sources continue to connected to land : property in addition to real property a tax on the non-public property
— real property : property consisting of land, structures, crops, or other methods nonetheless connected to or throughout the land or improvements or fixtures completely hooked up for the land or perhaps a framework on it also : an fascination, profit, proper, or privilege in these 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 before marriage or separately during marriage (as by present or normally by inheritance) — tangible property : property that has a tangible and corporeal existence and intrinsic economic price thanks to it the insurance coverage coverage restricted property problems protection to tangible property
These examples are programmatically compiled from different on the net resources For instance recent use of the word 'property.' Any views expressed from the examples don't symbolize All those of Merriam-Webster or its editors. Mail us suggestions about these examples.
— marital property : property obtained by possibly wife or husband throughout the training course of the relationship that is topic to division upon divorce
see also asset, estate, fascination perception 1, possession sense 1e — abandoned property : property to which the proprietor has relinquished all legal rights Take note: When property is abandoned, the owner provides up the realistic expectation of privateness about it. The finder of abandoned property is entitled to keep it, as well as a law enforcement officer may well choose possession of abandoned property as evidence without having violating the promise from unreasonable lookups and seizures during the Fourth Amendment towards the U.S. Constitution. — soon after-obtained property : property (as proceeds) that a debtor acquires once the commencement of the individual bankruptcy situation and that is normally viewed as Element of the bankruptcy estate : property acquired after the perfection of a lien or safety curiosity Specifically : these kinds of property obtained once the generation of the lien or stability desire that is subject to the lien or gets to be collateral for the security curiosity : property transferred for the estate of a decedent right after execution on the will — widespread property : property owned or more info utilized by multiple social gathering specially : property owned or leased by tenants in prevalent
possession in indivision at possession Observe: The states owning Group property guidelines are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property in this entry specifically, in the civil law of Louisiana : tracts of land with their component parts — intangible property : property (as a inventory certification or Experienced license) that derives benefit 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 exclusive good quality of the issue or a class.
a : a top quality or trait belonging and especially peculiar to a person or factor b : an impact that an object has on An additional object or on the senses c : advantage perception two d : an attribute prevalent to all customers of a category
a : a little something owned or possessed precisely : a bit of real estate b : the exceptional suitable to have, get pleasure from, and get rid of a point : ownership c : something to which a person or business has a lawful title d : a person (for instance a performer) that is beneath agreement and whose function is especially valuable e : a reserve or script ordered for publication or generation
property indicates a characteristic that belongs to a thing's critical mother nature and should be employed to describe a type or species.
see also QTIP trust at belief Observe: Beneath federal tax legislation the property should be A part of the gross estate of your surviving husband or wife at her or his very own Loss of life, where it is actually subject matter to taxation.