How real estate agent can Save You Time, Stress, and Money.
How real estate agent can Save You Time, Stress, and Money.
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popular property community property intellectual property individual property property destruction property harm insurance coverage property ideal property tax community property
Examine tenancy in common at tenancy — community property : property held jointly by partner and wife specially : property Specifically from work obtained by either husband or wife right after relationship that is considered in states having a Neighborhood property process to belong to both spouses as undivided a single-50 % interests
of your corporation : property belonging to a certain human being — competent terminable fascination property : property passing to the surviving partner that qualifies for that marital deduction When the executor so elects providing which the husband or wife is entitled to receive earnings in payments produced a minimum of annually for all times Which nobody has an influence to appoint any Section of the property to any person in addition to the surviving partner
see also antenuptial agreement Observe: In most states, upon divorce marital property is split Based on just what the court establishes is equitable. — movable property : property (as individual property or crops) which might be moved — private property : property (as a motor vehicle) that's movable although not such as crops or other means nevertheless hooked up to land : property apart from real property a tax on the non-public property
— real property : property consisting of land, buildings, crops, or other means nonetheless hooked up to or within the land or advancements or fixtures permanently attached on the land or perhaps a framework on it also : an fascination, profit, correct, or privilege in these kinds of property
called also immovable property — separate property : property of a partner that isn't Local community property or marital property In particular : property obtained by a spouse ahead of relationship or separately throughout relationship (as by reward or often by inheritance) — tangible property : property that has a tangible and corporeal existence and intrinsic economic worth as a consequence of it the insurance policy restricted property hurt protection to tangible property
These illustrations are programmatically compiled from various on the internet resources to illustrate existing use of the word 'property.' Any thoughts expressed while in the illustrations don't symbolize People of Merriam-Webster or its editors. Send out us feedback about these illustrations.
— marital property : property acquired by here both husband or wife in the program of a relationship that is definitely issue to division on divorce
see also asset, estate, interest sense one, possession perception 1e — abandoned property : property to which the owner has relinquished all rights Note: When property is abandoned, the proprietor provides up the realistic expectation of privateness relating to it. The finder of deserted property is entitled to maintain it, in addition to a law enforcement officer may consider possession of abandoned property as evidence with out violating the ensure in opposition to unreasonable queries and seizures within the Fourth Amendment towards the U.S. Constitution. — right after-obtained property : property (as proceeds) that a debtor acquires following the commencement of the individual bankruptcy scenario and that's normally regarded Portion of the bankruptcy estate : property obtained following the perfection of a lien or security desire In particular : these kinds of property acquired once the creation of the lien or safety interest that is definitely topic for the lien or turns into collateral for the security curiosity : property transferred towards the estate of a decedent after execution of your will — popular property : property owned or employed by multiple get together particularly : property owned or leased by tenants in popular
possession in indivision at ownership Take note: The states possessing community property guidelines are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property In this particular entry particularly, in the civil regulation of Louisiana : tracts of land with their component pieces — intangible property : property (like a stock 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 relates to a peculiar and exclusive top quality of a matter or a class.
a : a quality or trait belonging and particularly peculiar to an individual or matter b : an result that an item has on A different object or over the senses c : virtue perception 2 d : an attribute popular to all associates of a category
a : one thing owned or possessed specifically : a bit of real estate b : the exclusive suitable to possess, delight in, and get rid of a thing : possession c : some thing to which anyone or enterprise has a authorized title d : one (like a performer) who is underneath 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 factor's critical nature and should be applied to describe a kind or species.
see also QTIP trust at have faith in Take note: Below federal tax legislation the property must be included in the gross estate of your surviving partner at her or his personal Dying, exactly where it can be topic to taxation.