Little Known Facts About realtor.

Little Known Facts About realtor.

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typical property Group property intellectual property own property property problems property injury insurance coverage property ideal property tax general public property

Examine tenancy in popular at tenancy — Local community property : property held jointly by husband and spouse particularly : property Primarily from work acquired by both husband or wife right after relationship that is certainly deemed in states using a community property technique to belong to the two spouses as undivided just one-fifty percent interests

of your corporation : property belonging to a particular particular person — qualified terminable fascination property : property passing to some surviving wife or husband that qualifies for your marital deduction Should the executor so elects delivering the partner is entitled to acquire cash flow in payments made no less than yearly for all times and that no person has a power to appoint any Portion of the property to anyone aside from the surviving wife or husband

see also antenuptial agreement Observe: In most states, on divorce marital property is divided In accordance with just what the court decides is equitable. — movable property : property (as personal property or crops) which can be moved — own property : property (like a auto) that's movable although not including crops or other assets continue to attached to land : property besides real property a tax on the personal property

— real property : property consisting of land, buildings, crops, or other methods still connected to or throughout the land or improvements or fixtures completely hooked up towards the land or maybe a structure on In addition, it : an desire, advantage, appropriate, or privilege in these types of property

known as also immovable property — individual property : property of the partner that isn't Group property or marital property Particularly : property obtained by a husband or wife in advance of marriage or independently through marriage (as by present or generally by inheritance) — tangible property : property that has a tangible and corporeal existence and intrinsic economic price thanks to it the insurance coverage coverage limited property damage coverage to tangible property

These illustrations are programmatically compiled from many on-line resources For example current utilization on the term 'property.' Any opinions expressed inside the illustrations never represent Individuals of Merriam-Webster or its editors. Send out us feed-back about these illustrations.

— marital property : property acquired by both wife or husband in the course of a marriage that's matter to division on divorce

see also asset, estate, interest sense 1, possession feeling 1e — deserted property : property to which the owner has relinquished all rights Be aware: When property is deserted, the operator presents up the reasonable expectation of privacy regarding it. The finder of deserted property is entitled to maintain it, in addition to a police officer could just take possession of deserted property as proof without violating the assure in opposition to unreasonable queries and seizures from the Fourth Modification to the U.S. Constitution. — right after-obtained property : property (as proceeds) that a debtor acquires once the commencement of the individual bankruptcy case and that is typically deemed Section of the individual bankruptcy estate : property obtained after the perfection of a lien or protection fascination Specially : these kinds of property acquired once the creation of a lien or security desire that's topic for the lien or gets collateral for the security desire : property transferred to your estate of the decedent soon after execution from the will — prevalent property : property owned or employed by multiple bash specifically : property owned or leased by tenants in common

ownership in indivision at ownership Note: The states getting community property regulations are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property On this entry especially, while in the civil legislation of Louisiana : tracts of land with their part areas — intangible property : property (being a inventory certification or Specialist 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 unique top quality of a point or a class.

a : a high quality or trait belonging and especially peculiar to an individual or more info thing b : an effect that an object has on One more object or over the senses c : advantage sense two d : an attribute typical to all associates of a class

a : one thing owned or possessed especially : a piece of real estate b : the special right to have, love, and eliminate a matter : possession c : anything to which someone or organization has a authorized title d : 1 (like a performer) who's less than agreement and whose operate is particularly useful e : a e-book or script bought for publication or manufacturing

property implies a attribute that belongs to your matter's vital character and may be used to explain a sort or species.

see also QTIP rely on at have faith in Notice: Below federal tax law the property must be A part of the gross estate with the surviving partner at their have Loss of life, wherever it's subject matter to taxation.