The Single Best Strategy To Use For constructing excellence

The Single Best Strategy To Use For constructing excellence

Blog Article

prevalent property Local community property mental property personal property property problems property injury insurance coverage property ideal property tax general public property

compare tenancy in widespread at tenancy — Group property : property held jointly by husband and spouse exclusively : property Particularly from work acquired by possibly partner just after marriage that is considered in states having a Local community property system to belong to both equally spouses as undivided 1-50 percent interests

with the Company : property belonging to a specific human being — competent terminable desire property : property passing to some surviving wife or husband that qualifies for your marital deduction Should the executor so elects offering which the spouse is entitled to get income in payments manufactured at least every year for life and that nobody has a power to appoint any part of the property to anyone other than the surviving partner

see also antenuptial settlement Be aware: For most states, upon divorce marital property is split In keeping with exactly what the court docket determines is equitable. — movable property : property (as personalized property or crops) that can be moved — private property : property (for a car) that is definitely movable but not like crops or other means nevertheless hooked up to land : property other than real property a tax on the private property

— real property : property consisting of land, properties, crops, or other resources even now attached to or inside the land or advancements or fixtures completely attached on the land or possibly a structure on In addition, it : an desire, benefit, proper, or privilege in these property

known as 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 right before marriage or independently through relationship (as by gift or typically by inheritance) — tangible property : property that includes a tangible and corporeal existence and intrinsic economic value on account of it the coverage policy restricted property hurt protection to tangible property

These examples are programmatically compiled from numerous on the web resources to illustrate existing utilization with the term 'property.' Any opinions expressed inside the illustrations never represent Individuals of Merriam-Webster or its editors. Send out us feed-back about these examples.

— marital property : property acquired by both husband or wife in the course of a marriage that's matter to division on divorce

see also asset, estate, desire sense 1, possession feeling 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, along with a police officer may possibly acquire possession of deserted property as evidence with out violating the ensure in opposition to unreasonable lookups and seizures during the Fourth Modification towards the U.S. Constitution. — right after-obtained property : property (as proceeds) that a debtor acquires following the commencement of the individual bankruptcy circumstance and that's usually considered Section of the individual bankruptcy estate : property obtained once the perfection of the lien or security interest Particularly : this kind of property acquired following the development of a lien or protection curiosity that is issue for the lien or becomes collateral for the security curiosity : property transferred for the estate of a decedent soon after execution of the will — typical property : property owned or used by more than one get together specially : property owned or leased by tenants in typical

possession in indivision at possession Observe: The states obtaining Local community property legislation are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property With this entry precisely, during the civil regulation of Louisiana : tracts of land with their ingredient sections — intangible property : property (to be a inventory certification or Qualified license) that derives price not from its intrinsic Actual physical character but from what it signifies — mental property

of not conducting heat character applies to a peculiar and distinct top quality of the issue or a class.

a : an excellent or trait belonging and especially peculiar to a person or point b : an result that an object has on Yet another object or around the senses c : virtue sense 2 d : an attribute common to all users of a category

a : a little something owned or possessed precisely : a bit of real estate b : the exceptional appropriate to have, take pleasure in, and get rid of a factor : ownership c : something to which a person or business enterprise contains a lawful title d : just one (like a performer) who's below contract and whose work is very important e : a e book or script acquired for publication or creation

property indicates a attribute that belongs to your point's crucial nature and may be made use of to explain a kind or species.

see also QTIP have confidence in at have get more info confidence in Be aware: Under federal tax regulation the property need to be A part of the gross estate in the surviving spouse at his / her individual Demise, in which it's subject to taxation.