widespread property Group property mental property individual property property destruction property injury insurance plan property suitable property tax community property
compare tenancy in prevalent at tenancy — community property : property held jointly by partner and spouse exclusively : property Particularly from work acquired by both wife or husband soon after marriage which is considered in states aquiring a Neighborhood property process to belong to each spouses as undivided a person-fifty percent passions
of your Company : property belonging to a selected particular person — qualified terminable curiosity property : property passing to the surviving partner that qualifies with the marital deduction In the event the executor so elects furnishing the wife or husband is entitled to receive cash flow in payments designed no less than annually for life and that not a soul has a power to appoint any Section of the property to any person apart from the surviving husband or wife
see also antenuptial settlement Be aware: In the majority of states, upon divorce marital property is divided In accordance with just what the courtroom determines is equitable. — movable property : property (as private property or crops) which might be moved — individual property : property (for a car or truck) that is movable but not which include crops or other resources nonetheless attached to land : property besides real property a tax on the non-public property
— real property : property consisting of land, buildings, crops, or other assets continue to attached to or in the land or advancements or fixtures permanently attached into the land or maybe a composition on In addition it : an fascination, benefit, proper, or privilege in these types of property
known as also immovable property — independent property : property of the wife or husband that is not community property or marital property Specially : property obtained by a husband or wife just before relationship or individually in the course of marriage (as by gift or often by inheritance) — tangible property : property that includes a tangible and corporeal existence and intrinsic financial benefit thanks to it the insurance policy coverage limited property hurt protection to tangible property
These examples are programmatically compiled from several on the web resources to illustrate current use with the term 'property.' Any opinions expressed while in the illustrations do not signify People of Merriam-Webster or its editors. Mail us feedback about these examples.
— marital property : property acquired by both wife or husband in the course of the system of the relationship which is topic to division upon divorce
see also asset, estate, interest feeling 1, possession sense 1e — deserted property : property to which the click here operator has relinquished all legal rights Observe: When property is deserted, the operator gives up the acceptable expectation of privateness regarding it. The finder of abandoned property is entitled to keep it, and a law enforcement officer may well acquire possession of deserted property as evidence with no violating the assure versus unreasonable lookups and seizures from the Fourth Modification on the U.S. Structure. — right after-acquired property : property (as proceeds) that a debtor acquires after the commencement of the bankruptcy situation and that's commonly regarded A part of the bankruptcy estate : property acquired once the perfection of the lien or safety interest Specifically : these property obtained after the generation of the lien or protection desire that is certainly matter for the lien or will become collateral for the security fascination : property transferred for the estate of a decedent just after execution in the will — typical property : property owned or employed by more than one celebration especially : property owned or leased by tenants in typical
possession in indivision at ownership Note: The states possessing Local community property laws are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property During this entry exclusively, inside the civil legislation of Louisiana : tracts of land with their part areas — intangible property : property (as being a stock certification or Skilled license) that derives value not from its intrinsic Actual physical nature but from what it represents — intellectual property
of not conducting heat character applies to a peculiar and distinct top quality of a matter or a class.
a : a high quality or trait belonging and especially peculiar to somebody or issue b : an effect that an object has on An additional object or within the senses c : virtue feeling 2 d : an attribute frequent to all members of a category
a : one thing owned or possessed precisely : a bit of real estate b : the unique right to possess, delight in, and get rid of a matter : ownership c : a thing to which an individual or small business incorporates a authorized title d : a single (like a performer) who's under contract and whose do the job is very precious e : a ebook or script purchased for publication or creation
property indicates a characteristic that belongs to a thing's critical mother nature and should be employed to describe a type or species.
see also QTIP trust at belief Observe: Beneath federal tax regulation the property should be A part of the gross estate with the surviving husband or wife at their personal death, where by it can be matter to taxation.