The smart Trick of real estate agent That Nobody is Discussing

The smart Trick of real estate agent That Nobody is Discussing

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popular property Local community property mental property personalized property property injury property injury insurance policy property proper property tax public property

compare tenancy in popular at tenancy — Local community property : property held jointly by spouse and wife specifically : property especially from work acquired by possibly husband or wife right after marriage that may be considered in states getting a community property system to belong to both equally spouses as undivided a single-50 % pursuits

in the Company : property belonging to a certain particular person — certified terminable desire property : property passing into a surviving spouse that qualifies for that marital deduction In the event the executor so elects providing which the partner is entitled to acquire cash flow in payments produced not less than each year for all times and that nobody has an influence to appoint any Portion of the property to anyone aside from the surviving spouse

see also antenuptial settlement Be aware: In the majority of states, upon divorce marital property is split Based on just what the court decides is equitable. — movable property : property (as individual property or crops) which might be moved — private property : property (as a automobile) that may be movable but not together with crops or other assets continue to connected to land : property in addition to real property a tax on the personal property

— real property : property consisting of land, properties, crops, or other sources however attached to or inside the land or enhancements or fixtures forever attached to your land or perhaps a framework on Additionally, it : an curiosity, profit, proper, or privilege in these types of property

referred to as also immovable property — individual property : property of the spouse that isn't Group property or marital property especially : property acquired by a husband or wife right before marriage or independently through marriage (as by gift or typically by inheritance) — tangible property : property that includes a tangible and corporeal existence and intrinsic economic worth on account of it the insurance policy restricted property hurt protection to tangible property

These examples are programmatically compiled from different on the net resources For instance recent utilization of your word 'property.' Any thoughts expressed from the illustrations do not signify People of Merriam-Webster or its editors. Send out us feed-back about these examples.

— marital property : property acquired by both husband or wife in the course of a marriage which is subject matter to division on divorce

see also asset, estate, desire sense 1, possession sense 1e — abandoned property : property to which the owner has relinquished all rights Notice: When property is abandoned, the proprietor offers up the acceptable expectation of privateness about it. The finder of deserted property is entitled to keep it, as well as a law enforcement officer may well acquire possession of deserted property as proof without the need of violating the warranty versus unreasonable lookups and seizures in the Fourth Amendment towards the U.S. Constitution. — right after-acquired property : property (as proceeds) that a debtor acquires after the commencement of a bankruptcy case and that is usually regarded as A part of the bankruptcy estate : property acquired once the perfection of the lien or protection fascination In particular : these property obtained following the development of a lien or security interest that's topic to the lien or becomes collateral for the safety desire : property transferred to your estate of the decedent soon after execution in the will — typical property : property owned or used by multiple bash specially : property owned or leased by tenants in prevalent

possession in indivision at ownership Be aware: The states having Group property legislation are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property With this entry exclusively, inside the civil law of Louisiana : tracts of land with their component pieces — intangible property : property (for a stock certificate or Qualified license) that derives price not from its intrinsic Bodily nature but from what it signifies — intellectual property

of not conducting heat character relates to a get more info peculiar and exclusive high quality of a point or a class.

a : an excellent or trait belonging and particularly peculiar to a person or thing b : an influence that an object has on another item or within the senses c : virtue perception two d : an attribute typical to all users of a category

a : some thing owned or possessed precisely : a bit of real estate b : the exclusive ideal to possess, appreciate, and eliminate a point : possession c : a little something to which someone or company contains a legal title d : a person (like a performer) who is underneath contract and whose do the job is particularly valuable e : a ebook or script purchased for publication or generation

property implies a attribute that belongs to a issue's essential character and may be utilised to describe a kind or species.

see also QTIP trust at rely on Note: Beneath federal tax regulation the property has to be A part of the gross estate in the surviving wife or husband at their individual death, the place it is subject matter to taxation.