The smart Trick of real estate agent That Nobody is Discussing

The smart Trick of real estate agent That Nobody is Discussing

Blog Article

common property Group property intellectual property individual property property injury property harm insurance plan property suitable property tax general public property

Review tenancy in widespread at tenancy — Neighborhood property : property held jointly by husband and wife particularly : property especially from work obtained by either spouse just after relationship which is deemed in states aquiring a Local community property program to belong to each spouses as undivided a person-fifty percent passions

in the corporation : property belonging to a selected human being — skilled terminable curiosity property : property passing to a surviving wife or husband that qualifies to the marital deduction In case the executor so elects supplying which the wife or husband is entitled to obtain revenue in payments created no less than on a yearly basis for life and that not one person has a power to appoint any Element of the property to any person apart from the surviving wife or husband

see also antenuptial arrangement Be aware: For most states, upon divorce marital property is divided Based on what the court docket decides is equitable. — movable property : property (as individual property or crops) which might be moved — personalized property : property (as being a vehicle) that's movable although not including 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 methods nonetheless connected to or within the land or enhancements or fixtures forever connected to the land or possibly a structure on Furthermore, it : an desire, profit, correct, or privilege in such property

named also immovable property — separate property : property of a wife or husband that is not Neighborhood property or marital property Primarily : property acquired by a partner in advance of marriage or individually for the duration of relationship (as by gift or usually by inheritance) — tangible property : property that features a tangible and corporeal existence and intrinsic economic worth due to it the insurance policies coverage limited property destruction coverage to tangible property

These examples are programmatically compiled from several online sources As an example present-day usage in the phrase 'property.' Any viewpoints expressed in the examples tend not to 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 over the course of a marriage which is matter to division on divorce

see also asset, estate, desire sense 1, possession sense 1e — deserted property : property to which the owner has relinquished all legal rights Be aware: When property is deserted, the operator presents up the fair expectation of privacy concerning it. The finder of abandoned property is entitled to keep it, along with a police officer might consider possession of abandoned property as evidence with out violating the assure against unreasonable searches and seizures in the Fourth Modification into the U.S. Structure. — just after-obtained property : property (as proceeds) that a debtor acquires once the commencement of the personal bankruptcy situation and that is usually thought of Element of the individual bankruptcy estate : property obtained following the perfection of a lien or security interest especially : this kind of property acquired after the generation of the lien or protection curiosity that may be issue to your lien or gets collateral for the security interest : property transferred to the estate of the decedent soon after execution in the will — frequent property : property owned or used by multiple social gathering especially : property owned or leased by tenants in typical

ownership in indivision at possession Notice: The states obtaining Neighborhood property regulations are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property in this entry precisely, from the civil legislation of Louisiana : tracts of land with their element parts — intangible property : property (for a stock certificate or Experienced license) that derives price not from its intrinsic physical mother nature but from what it signifies — intellectual property

of not conducting heat character relates to a peculiar and exclusive top quality read more of a detail or a class.

a : a high quality or trait belonging and particularly peculiar to an individual or matter b : an impact that an item has on An additional item or on the senses c : advantage sense two d : an attribute typical to all users of a class

a : some thing owned or possessed specially : a piece of real estate b : the exclusive suitable to have, delight in, and eliminate a matter : possession c : some thing to which someone or company features a lawful title d : a single (for instance a performer) who's beneath agreement and whose function is particularly beneficial e : a e-book or script bought for publication or output

property implies a attribute that belongs into a thing's crucial character and will be made use of to explain a sort or species.

see also QTIP have faith in at have faith in Note: Under federal tax legislation the property has to be included in the gross estate on the surviving husband or wife at his or her very own Dying, exactly where it can be subject to taxation.