New Step by Step Map For real estate agent
New Step by Step Map For real estate agent
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common property community property intellectual property personal property property destruction property injury insurance property suitable property tax public property
Assess tenancy in typical at tenancy — Group property : property held jointly by spouse and spouse exclusively : property especially from work acquired by possibly partner right after marriage which is deemed in states using a community property system to belong to both spouses as undivided just one-fifty percent pursuits
on the corporation : property belonging to a certain person — skilled terminable interest property : property passing to your surviving partner that qualifies with the marital deduction if the executor so elects delivering which the wife or husband is entitled to obtain money in payments created not less than each year for all times and that nobody has an influence to appoint any part of the property to any person besides the surviving spouse
see also antenuptial arrangement Note: For most states, upon divorce marital property is split In line with what the courtroom establishes is equitable. — movable property : property (as private property or crops) that could be moved — personal property : property (being a vehicle) which is movable although not such as crops or other methods still connected to land : property besides real property a tax on the personal property
— real property : property consisting of land, structures, crops, or other means nonetheless connected to or throughout the land or improvements or fixtures completely hooked up towards the land or possibly a composition on Additionally, it : an fascination, profit, right, or privilege in these kinds of property
termed also immovable property — separate property : property of a wife or husband that is not Neighborhood property or marital property In particular : property obtained by a partner ahead of relationship or individually in the course of relationship (as by reward or frequently by inheritance) — tangible property : property that features a tangible and corporeal existence and intrinsic financial benefit due to it the insurance policies plan restricted property injury protection to tangible property
These illustrations are programmatically compiled from various on-line sources As an instance current usage in the term 'property.' Any viewpoints expressed in the examples tend not to characterize those of Merriam-Webster or its editors. Deliver us opinions about these illustrations.
— marital property : property obtained by either partner during the course of the relationship that may be subject matter to division upon divorce
see also asset, estate, interest perception 1, possession perception 1e — abandoned property : property to which the owner has relinquished all rights Take note: When property is abandoned, the owner offers up the realistic expectation of privateness regarding more info it. The finder of deserted property is entitled to maintain it, as well as a law enforcement officer might get possession of deserted property as proof devoid of violating the warranty against unreasonable searches and seizures inside the Fourth Amendment on the U.S. Structure. — immediately after-obtained property : property (as proceeds) that a debtor acquires once the commencement of a bankruptcy situation and that is typically regarded Component of the individual bankruptcy estate : property obtained after the perfection of a lien or security interest Particularly : this sort of property acquired following the development of the lien or protection fascination that is definitely issue into the lien or becomes collateral for the security interest : property transferred to the estate of a decedent following execution in the will — frequent property : property owned or utilized by more than one get together exclusively : property owned or leased by tenants in widespread
possession in indivision at possession Observe: The states obtaining Local community property legislation are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property With this entry specially, from the civil regulation of Louisiana : tracts of land with their ingredient sections — intangible property : property (for a inventory certification or Qualified license) that derives price not from its intrinsic Bodily character 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 particularly peculiar to somebody or matter b : an influence that an item has on One more object or within the senses c : virtue sense 2 d : an attribute common to all users of a category
a : a thing owned or possessed specially : a bit of real estate b : the distinctive proper to possess, appreciate, and dispose of a thing : possession c : a little something to which somebody or small business incorporates a authorized title d : a single (such as a performer) who is less than deal and whose operate is particularly useful e : a guide or script purchased for publication or production
property indicates a attribute that belongs into a point's important nature and could be applied to explain a type or species.
see also QTIP believe in at trust Notice: Under federal tax regulation the property needs to be A part of the gross estate on the surviving partner at his or her own Dying, wherever it really is topic to taxation.