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Examine tenancy in typical at tenancy — Group property : property held jointly by husband and spouse especially : property especially from work acquired by possibly partner just after relationship that's deemed in states using a Neighborhood property process to belong to each spouses as undivided 1-fifty percent pursuits
in the corporation : property belonging to a specific person — skilled terminable interest property : property passing to your surviving spouse that qualifies to the marital deduction if the executor so elects delivering which the partner is entitled to get revenue in payments designed at the very least annually for life Which no one has a power to appoint any Element of the property to any person other than the surviving husband or wife
see also antenuptial settlement Notice: For most states, upon divorce marital property is split according to 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 may be movable but not like crops or other sources continue to attached to land : property besides real property a tax on the personal property
— real property : property consisting of land, structures, crops, or other means nonetheless hooked up to or within the land or enhancements or fixtures completely connected on the land or a construction on Furthermore, it : an interest, profit, correct, or privilege in these kinds of property
identified as also immovable property — separate property : property of a partner that is not Neighborhood property or marital property Specially : property obtained by a partner prior to marriage or individually throughout marriage (as by present or generally by inheritance) — tangible property : property that includes a tangible and corporeal existence and intrinsic financial benefit due to it the insurance policy coverage restricted property injury coverage to tangible property
These illustrations are programmatically compiled from different on the net resources As an example latest use on the phrase 'property.' Any thoughts expressed from the examples usually do not depict Individuals of Merriam-Webster or its editors. Deliver us comments about these examples.
— marital property : property acquired by both husband or wife over the course of a marriage which is matter to division on divorce
see also asset, estate, desire perception one, possession perception 1e — deserted property : property to which the operator has relinquished all legal rights Note: When property is abandoned, the owner gives up the affordable expectation of privacy regarding it. The finder of abandoned property is entitled to help keep it, plus a police officer may possibly just take possession of deserted property as proof with no violating the assurance versus unreasonable lookups and seizures during the Fourth Modification on the U.S. Structure. — soon after-acquired property : property (as proceeds) that a debtor acquires after the commencement of a bankruptcy case and that is usually considered part of the bankruptcy estate : property obtained once the perfection of the lien or safety curiosity Particularly : this kind of property acquired after the generation of the lien or protection curiosity that's subject towards the lien or becomes collateral for the security desire : property transferred to your estate of a decedent following execution of the will — common property click here : property owned or employed by multiple social gathering especially : property owned or leased by tenants in typical
possession in indivision at ownership Be aware: The states having Group property legislation are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property With this entry exclusively, inside the civil law of Louisiana : tracts of land with their ingredient areas — intangible property : property (like a stock certification or Qualified license) that derives worth not from its intrinsic physical mother nature but from what it represents — intellectual property
of not conducting warmth character applies to a peculiar and distinctive high-quality of the factor or a category.
a : an outstanding or trait belonging and especially peculiar to an individual or detail b : an influence that an object has on A further item or within the senses c : virtue feeling 2 d : an attribute prevalent to all associates of a category
a : a thing owned or possessed especially : a piece of real estate b : the unique ideal to have, enjoy, and eliminate a issue : ownership c : a thing to which an individual or business enterprise provides a legal title d : just one (like a performer) that's beneath contract and whose operate is especially worthwhile e : a guide or script ordered for publication or manufacturing
property indicates a characteristic that belongs to your point's critical nature and could be employed to explain a type or species.
see also QTIP rely on at believe in Observe: Under federal tax legislation the property must be included in the gross estate of your surviving partner at her or his own Demise, where it truly is subject to taxation.