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Assess tenancy in common at tenancy — Local community property : property held jointly by partner and spouse especially : property especially from work obtained by either wife or husband soon after relationship which is considered in states using a Group property program to belong to both spouses as undivided just one-half passions
of your corporation : property belonging to a certain man or woman — skilled terminable desire property : property passing to a surviving partner that qualifies for that marital deduction Should the executor so elects offering which the partner is entitled to get revenue in payments made at the least annually for life Which no-one has an influence to appoint any A part of the property to any person in addition to the surviving spouse
see also antenuptial arrangement Take note: In most states, upon divorce marital property is split Based on just what the courtroom establishes is equitable. — movable property : property (as individual property or crops) that could be moved — personal property : property (being a auto) which is movable but not which include crops or other resources nevertheless connected to land : property in addition to real property a tax on the private property
— real property : property consisting of land, properties, crops, or other methods still attached to or inside the land or enhancements or fixtures completely attached for the land or simply a structure on In addition, it : an desire, benefit, appropriate, or privilege in these types of property
named also immovable property — individual property : property of the wife or husband that's not Local community property or marital property Primarily : property acquired by a husband or wife right before marriage or independently through marriage (as by gift or typically by inheritance) — tangible property : property that includes a tangible and corporeal existence and intrinsic economic worth as a consequence of it the insurance policy restricted property problems protection to tangible property
These illustrations are programmatically compiled from many on line sources read more As an example present-day use of your term 'property.' Any viewpoints expressed during the examples tend not to stand for those of Merriam-Webster or its editors. Send out us responses about these illustrations.
— marital property : property obtained by both partner over the class of a marriage that may be issue to division on divorce
see also asset, estate, desire sense one, 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 deserted property is entitled to keep it, as well as a police officer may possibly choose possession of deserted property as evidence with out violating the ensure 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 following the commencement of a individual bankruptcy situation and that is usually considered part of the individual bankruptcy estate : property obtained after the perfection of a lien or safety curiosity Specially : these property obtained following the development of a lien or security desire that's matter towards the lien or turns into collateral for the security curiosity : property transferred towards the estate of the decedent immediately after execution on the will — frequent property : property owned or employed by multiple party specifically : property owned or leased by tenants in typical
ownership in indivision at ownership Be aware: The states getting Neighborhood property legal guidelines are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property On this entry especially, inside the civil legislation of Louisiana : tracts of land with their part areas — intangible property : property (to be a stock certification or Qualified license) that derives worth not from its intrinsic Actual physical character but from what it signifies — intellectual property
of not conducting warmth character relates to a peculiar and unique quality of a point or a class.
a : a high quality or trait belonging and especially peculiar to an individual or matter b : an impact that an item has on One more item or over the senses c : virtue feeling 2 d : an attribute widespread to all members of a category
a : one thing owned or possessed specially : a piece of real estate b : the special right to have, love, and eliminate a matter : possession c : some thing to which somebody or company provides a legal title d : just one (such as a performer) that is under contract and whose work is very important e : a e book or script acquired for publication or creation
property implies a characteristic that belongs to a detail's necessary character and will be utilized to describe a sort or species.
see also QTIP rely on at have faith in Notice: Below federal tax law the property needs to be A part of the gross estate on the surviving partner at his or her have Demise, the place it really is topic to taxation.