frequent property Local community property mental property own property property damage property damage insurance policy property appropriate property tax community property
Assess tenancy in popular at tenancy — Group property : property held jointly by partner and spouse exclusively : property Specially from work acquired by either spouse following marriage that is considered in states aquiring a Local community property technique to belong to equally spouses as undivided a single-half interests
from the Company : property belonging to a selected man or woman — competent terminable interest property : property passing to a surviving wife or husband that qualifies for that marital deduction In case the executor so elects delivering that the wife or husband is entitled to get revenue in payments manufactured at the least yearly for all times and that nobody has an influence to appoint any Section of the property to any person other than the surviving partner
see also antenuptial agreement Take note: In the majority of states, upon divorce marital property is divided As outlined by just what the court decides is equitable. — movable property : property (as individual property or crops) which might be moved — personalized property : property (like a vehicle) that is definitely movable but not including crops or other assets still hooked up to land : property aside from real property a tax on the personal property
— real property : property consisting of land, properties, crops, or other sources still connected to or within the land or enhancements or fixtures permanently hooked up to the land or maybe a structure on In addition it : an fascination, profit, appropriate, or privilege in this kind of property
identified as also immovable property — separate property : property of the spouse that isn't Group property or marital property Specifically : property obtained by a spouse prior to marriage or independently throughout marriage (as by gift or generally by inheritance) — tangible property : property that has a tangible and corporeal existence and intrinsic financial benefit due to it the insurance plan policy restricted property destruction coverage to tangible property
These illustrations are programmatically compiled from various on the web resources to illustrate recent use in the phrase 'property.' Any opinions expressed inside the illustrations do not depict All those of Merriam-Webster or its editors. Deliver us responses about these illustrations.
— marital property : property acquired by both wife or husband during the training course of the relationship that is matter to division on divorce
see also asset, estate, desire perception one, possession sense 1e — abandoned property : property to which the proprietor has relinquished all rights Notice: When property is abandoned, the proprietor offers up the fair expectation of privateness about it. The finder of abandoned property is entitled to keep it, and also a law enforcement officer might get possession of deserted property as proof devoid of violating the guarantee against unreasonable lookups and seizures during the Fourth Modification on the U.S. Structure. — right after-acquired property : property (as proceeds) that a debtor acquires following the commencement of the individual bankruptcy circumstance and that's usually considered Portion of the personal bankruptcy estate : property acquired after the perfection of a lien or security interest Particularly : these kinds of property obtained following the creation of the lien or stability desire that is definitely issue into the lien or results in being collateral for the safety desire : property transferred to your estate of the decedent just after execution on the will — frequent property : property owned or used by more than one party specifically : property owned or leased by tenants in common
ownership in indivision at possession Observe: The states obtaining Local community property rules are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property On this entry especially, while in the civil legislation of Louisiana : tracts of land with their component parts — intangible property : property (being a stock certificate or Qualified license) that derives price not from its intrinsic Bodily nature but from what it signifies — mental property
of not conducting heat character relates to a peculiar and distinctive high-quality of the point or a class.
a : an excellent or trait belonging and particularly peculiar to a person or point b : an effect that an item has on One more object or on the senses c : advantage feeling 2 d : an attribute popular to all users of a class
a : some thing owned or possessed specifically : a bit of real estate b : the distinctive correct to have, delight in, and get rid of a thing : possession here c : one thing to which a person or small business incorporates a lawful title d : just one (like a performer) who is beneath contract and whose get the job done is particularly beneficial e : a reserve or script obtained for publication or production
property indicates a characteristic that belongs into a detail's vital nature and should be used to explain a type or species.
see also QTIP rely on at have confidence in Take note: Beneath federal tax regulation the property has to be A part of the gross estate from the surviving husband or wife at his or her very own Dying, exactly where it can be topic to taxation.