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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typical property Local community property intellectual property individual property property destruction property hurt insurance plan property proper property tax public property

Look at tenancy in widespread at tenancy — community property : property held jointly by spouse and wife particularly : property Particularly from employment obtained by possibly husband or wife right after marriage that's deemed in states aquiring a Local community property technique to belong to equally spouses as undivided one particular-fifty percent interests

of the Company : property belonging to a certain particular person — certified terminable interest property : property passing to the surviving husband or wife that qualifies to the marital deduction When the executor so elects providing which the partner is entitled to receive money in payments designed not less than every year for life Which not one person has a power to appoint any part of the property to anyone aside from the surviving spouse

see also antenuptial agreement Notice: For most states, upon divorce marital property is divided In keeping with exactly what the court determines is equitable. — movable property : property (as own property or crops) that may be moved — personal property : property (being a auto) that is certainly movable although not including crops or other means nevertheless attached to land : property besides real property a tax on the personal property

— real property : property consisting of land, structures, crops, or other resources nevertheless hooked up to or inside the land or enhancements or fixtures permanently attached to your land or a framework on Additionally, it : an fascination, benefit, suitable, or privilege in these types of property

referred to as also immovable property — different property : property of a wife or husband that isn't Group property or marital property Specially : property acquired by a spouse ahead of relationship or independently all through marriage (as by present or often by inheritance) — tangible property : property that features a tangible and corporeal existence and intrinsic financial benefit due to it the insurance plan plan limited property hurt protection to tangible property

These examples are programmatically compiled from different on the net resources to illustrate recent use from the word 'property.' Any thoughts expressed inside the illustrations tend not to symbolize These of Merriam-Webster or its editors. Send us comments about these illustrations.

— marital property : property acquired by both wife or husband in the course of the class of the relationship which is subject to division upon divorce

see also asset, estate, interest sense 1, possession feeling 1e — abandoned property : property to which the owner has relinquished all rights Notice: When property is abandoned, the owner offers up the sensible expectation of privacy concerning it. The finder of deserted property is entitled to maintain it, in addition to a law enforcement officer may possibly get possession of abandoned property as evidence without violating the warranty versus unreasonable lookups and seizures from the Fourth Modification for the U.S. Constitution. — just after-obtained property : property (as website proceeds) that a debtor acquires after the commencement of a individual bankruptcy scenario and that's normally deemed A part of the bankruptcy estate : property obtained following the perfection of a lien or stability curiosity Particularly : such property obtained after the creation of a lien or security desire that is definitely topic to the lien or results in being collateral for the safety interest : property transferred to the estate of the decedent right after execution of the will — popular property : property owned or utilized by more than one bash exclusively : property owned or leased by tenants in common

possession in indivision at ownership Take note: The states obtaining community property legislation are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property On this entry specifically, from the civil law of Louisiana : tracts of land with their part elements — intangible property : property (to be a stock certificate or Qualified license) that derives worth not from its intrinsic Actual physical character but from what it represents — mental property

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

a : a quality or trait belonging and particularly peculiar to an individual or issue b : an effect that an item has on another item or about the senses c : advantage sense two d : an attribute frequent to all users of a class

a : something owned or possessed precisely : a piece of real estate b : the special correct to have, appreciate, and eliminate a issue : ownership c : anything to which an individual or business enterprise includes a lawful title d : a single (for instance a performer) who's less than contract and whose do the job is particularly valuable e : a e book or script bought for publication or generation

property implies a characteristic that belongs to the point's critical nature and should be used to explain a type or species.

see also QTIP have faith in at rely on Be aware: Underneath federal tax law the property have to be A part of the gross estate in the surviving wife or husband at his or her possess death, the place it is actually topic to taxation.