property - An Overview

typical property Group property intellectual property individual property property damage property harm insurance coverage property ideal property tax public property

Look at tenancy in frequent at tenancy — Group property : property held jointly by spouse and spouse exclusively : property Particularly from work obtained by both wife or husband just after marriage that is considered in states having a Local community property method to belong to both equally spouses as undivided 1-50 % passions

of the Company : property belonging to a particular man or woman — certified terminable desire property : property passing to some surviving wife or husband that qualifies for the marital deduction if the executor so elects offering which the spouse is entitled to obtain cash flow in payments made no less than yearly for life and that no person has a power to appoint any Section of the property to anyone aside from the surviving wife or husband

see also antenuptial arrangement Be aware: In the majority of states, on divorce marital property is divided Based on exactly what the court docket determines is equitable. — movable property : property (as personalized property or crops) which can be moved — own property : property (as being a motor vehicle) that may be movable although not including crops or other means still connected to land : property besides real property a tax on the private property

— real property : property consisting of land, properties, crops, or other methods still connected to or throughout the land or advancements or fixtures forever hooked up for the land or simply a structure on Furthermore, it : an desire, advantage, suitable, or privilege in such property

referred to as also immovable property — individual property : property of a wife or husband that is not Neighborhood property or marital property Specially : property obtained by a partner in advance of relationship or individually for the duration of relationship (as by gift or usually by inheritance) — tangible property : property that includes a tangible and corporeal existence and intrinsic economic worth as a consequence of it the insurance policy restricted property problems coverage to tangible property

These examples are programmatically compiled from a variety of on line sources For instance recent use of the phrase 'property.' Any opinions expressed in the examples do not signify Those people of Merriam-Webster or its editors. Ship us opinions about these examples.

— marital property : property acquired by both partner through the system of the relationship that is certainly subject matter to division upon divorce

see also asset, estate, curiosity feeling one, possession sense 1e — abandoned property : property to which the operator has relinquished all rights Take note: When property is abandoned, the proprietor offers up the fair expectation of privateness about it. The finder of abandoned property is entitled to help keep it, along with a law enforcement officer may well choose possession of abandoned property as proof devoid of violating the guarantee towards unreasonable searches and seizures within the Fourth Amendment on the U.S. Structure. — just after-obtained property : property (as proceeds) that a debtor acquires after the commencement of a personal bankruptcy case and that's commonly viewed as A part of the individual bankruptcy estate : property acquired following the perfection of a lien or stability fascination Specially : such property obtained once the development of a lien or protection desire that may be subject towards the lien or turns into collateral for the safety curiosity : property transferred towards the estate of a decedent just after execution on the will — typical property : property owned or utilized by more than one party precisely : property owned or leased by tenants in prevalent

ownership in indivision at possession Note: The states getting Neighborhood property legal guidelines are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property In this particular entry exclusively, while in the civil regulation of Louisiana : tracts of land with their element components — intangible property : property (as a inventory certificate or Experienced license) that derives price not from its intrinsic physical nature but from what it represents — intellectual property

of not conducting heat character applies to a peculiar and distinctive high quality of a thing or a category.

a : an excellent or trait belonging and especially peculiar to somebody or detail b : an outcome that an item has on A further item or about the senses c : advantage feeling 2 d : an attribute frequent to all associates of a class

a : some thing owned or possessed particularly : a piece of real estate b : the exclusive right to have, love, and eliminate a matter : possession c : anything to which someone or enterprise includes a legal title d : 1 (such as a performer) who is less than deal and whose get the job done is particularly useful e : a e-book or script bought for publication or production

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

see also QTIP have confidence in at have confidence in Be aware: Under federal tax regulation the property need to be A part of the gross estate from the surviving husband or wife at her or his own death, where by it can be subject matter to taxation.

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