Getting My realtor To Work
Getting My realtor To Work
Blog Article
prevalent property Group property mental property private property property injury property damage insurance coverage property right property tax general public property
Assess tenancy in frequent at tenancy — community property : property held jointly by partner and wife particularly : property especially from work acquired by possibly husband or wife following relationship that is certainly considered in states getting a Neighborhood property procedure to belong to both equally spouses as undivided a single-half passions
in the Company : property belonging to a certain person — skilled terminable curiosity property : property passing to a surviving husband or wife that qualifies for your marital deduction Should the executor so elects delivering that the husband or wife is entitled to receive money in payments created at least per year for life and that not one person has a power to appoint any Component of the property to any person in addition to the surviving partner
see also antenuptial agreement Observe: In many states, on divorce marital property is divided In keeping with exactly what the courtroom decides is equitable. — movable property : property (as personalized property or crops) that can be moved — personalized property : property (as a motor vehicle) that is movable but not together with crops or other sources however attached to land : property aside from real property a tax on the non-public property
— real property : property consisting of land, structures, crops, or other resources even now hooked up to or inside the land or advancements or fixtures completely connected to your land or even a structure on Furthermore, it : an desire, reward, ideal, or privilege in this sort of property
called also immovable property — independent property : property of the spouse that isn't Local community property or marital property especially : property acquired by a husband or wife before marriage or independently all through relationship (as by reward or frequently by inheritance) — tangible property : property that features a tangible and corporeal existence and intrinsic financial value on account of it the coverage policy restricted property problems protection to tangible property
These examples are programmatically compiled from different on the web resources For example present utilization with the term 'property.' Any opinions expressed within the examples tend not to characterize those of Merriam-Webster or its editors. Send us comments about these illustrations.
— marital property : property obtained by possibly wife or husband during the training course of a marriage which is matter to division on divorce
see also asset, estate, fascination perception one, possession perception 1e — deserted property : property to which the operator has relinquished all legal rights Take note: When property is deserted, the owner gives up the reasonable expectation of privacy concerning it. The finder of abandoned property is entitled to keep it, along with a police officer could just take possession of abandoned property as evidence with no violating the assurance versus unreasonable lookups and seizures from the Fourth Modification to your U.S. Structure. — immediately after-obtained property : property (as proceeds) that a debtor acquires once the commencement of a bankruptcy case and that is usually considered Component of the individual bankruptcy estate : property obtained following the perfection of the lien or protection curiosity Specifically : this sort of property acquired after the creation of the lien or stability fascination that is certainly subject matter on the lien or gets collateral for the security curiosity : property transferred to the estate of a decedent just after execution of your will — prevalent property : property owned or employed by multiple get together exclusively : property owned or leased by tenants in frequent
possession in indivision at possession Be aware: The states having Local community property legal guidelines are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property Within this entry specifically, in the civil regulation of Louisiana : tracts of land with their part elements — intangible property : property (as being a inventory certification or Specialist license) that derives value not from its intrinsic Actual physical character but from what it represents — mental property
of not conducting warmth character applies to a peculiar and distinct good quality of a detail or a category.
a : a top quality or trait belonging and especially peculiar to someone or issue b : an effect that an item has on One more object or over the senses c : advantage sense two d : an attribute check here frequent to all members of a category
a : one thing owned or possessed specifically : a bit of real estate b : the distinctive correct to have, take pleasure in, and eliminate a point : possession c : anything to which an individual or business enterprise provides a legal title d : a person (like a performer) who is underneath contract and whose get the job done is especially important e : a e-book or script purchased for publication or generation
property implies a attribute that belongs to a matter's crucial mother nature and will be made use of to describe a sort or species.
see also QTIP have confidence in at trust Notice: Under federal tax legislation the property must be included in the gross estate of the surviving husband or wife at his / her very own Dying, in which it is actually topic to taxation.