typical property Neighborhood property mental property private property property destruction property harm coverage property correct property tax community property
Look at tenancy in frequent at tenancy — Local community property : property held jointly by husband and wife specially : property Particularly from work obtained by either husband or wife after marriage that is definitely considered in states possessing a Neighborhood property technique to belong to both equally spouses as undivided just one-half passions
of your corporation : property belonging to a specific particular person — skilled terminable interest property : property passing to some surviving wife or husband that qualifies for the marital deduction When the executor so elects delivering which the wife or husband is entitled to receive revenue in payments manufactured not less than yearly for life and that not one person has a power to appoint any Component of the property to anyone besides the surviving wife or husband
see also antenuptial arrangement Take note: For most states, upon divorce marital property is divided according to what the court decides is equitable. — movable property : property (as personalized property or crops) that could be moved — personal property : property (as a auto) that is movable although not together with crops or other resources nevertheless connected to land : property besides real property a tax on the personal property
— real property : property consisting of land, buildings, crops, or other sources still attached to or within the land or improvements or fixtures forever hooked up to your land or maybe a framework on Furthermore, it : an desire, benefit, appropriate, or privilege in these types of property
known as also immovable property — individual property : property of the spouse that is not Neighborhood property or marital property Specially : property acquired by a partner ahead of marriage or independently through relationship (as by present or generally by inheritance) — tangible property : property that includes a tangible and corporeal existence and intrinsic financial price on account of it the coverage plan limited property destruction protection to tangible property
These illustrations are programmatically compiled from numerous on the net resources For instance existing usage of your term 'property.' Any views expressed while in the examples don't symbolize People of Merriam-Webster or its editors. Send out us responses about these illustrations.
— marital property : property obtained by both partner over the class of a marriage that is matter to division on divorce
see also asset, estate, curiosity sense one, possession perception 1e — abandoned property : property to which the owner has relinquished all rights Note: When property is deserted, the operator gives up the reasonable expectation of privateness about it. The finder of deserted property is entitled to help keep it, plus a police officer may realtor possibly consider possession of abandoned property as evidence devoid of violating the guarantee towards unreasonable searches and seizures while in the Fourth Modification on the U.S. Structure. — just after-obtained property : property (as proceeds) that a debtor acquires once the commencement of the individual bankruptcy case and that's commonly viewed as Component of the personal bankruptcy estate : property acquired following the perfection of a lien or safety curiosity In particular : this sort of property obtained once the generation of a lien or safety curiosity that is certainly matter on the lien or will become collateral for the safety curiosity : property transferred into the estate of the decedent just after execution of the will — common property : property owned or employed by multiple occasion exclusively : property owned or leased by tenants in frequent
ownership in indivision at possession Observe: The states possessing community property laws are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property During this entry specially, while in the civil legislation of Louisiana : tracts of land with their component components — intangible property : property (as being a stock certification 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 exclusive good quality of a detail or a category.
a : a top quality or trait belonging and especially peculiar to somebody or point b : an effect that an item has on Yet another item or to the senses c : virtue feeling 2 d : an attribute prevalent to all associates of a category
a : one thing owned or possessed particularly : a bit of real estate b : the distinctive proper to possess, delight in, and get rid of a detail : possession c : some thing to which anyone or enterprise has a authorized title d : 1 (for instance a performer) who's less than contract and whose do the job is particularly valuable e : a reserve or script acquired for publication or production
property indicates a characteristic that belongs to your point's critical character and could be employed to explain a kind or species.
see also QTIP trust at have faith in Note: Beneath federal tax regulation the property has to be A part of the gross estate of the surviving partner at his / her personal Demise, exactly where it can be topic to taxation.