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frequent property Local community property intellectual property personal property property hurt property damage insurance policies property right property tax community property

Look at tenancy in widespread at tenancy — community property : property held jointly by husband and spouse particularly : property In particular from employment acquired by possibly husband or wife soon after marriage that's considered in states getting a community property procedure to belong to equally spouses as undivided 1-50 % passions

of the corporation : property belonging to a specific person — competent terminable desire property : property passing to the surviving husband or wife that qualifies for your marital deduction When the executor so elects furnishing which the partner is entitled to receive money in payments designed at the very least every year for all times Which not a soul has a power to appoint any Portion of the property to any person in addition to the surviving husband or wife

see also antenuptial arrangement Take note: In the majority of states, on divorce marital property is divided Based on exactly what the courtroom decides is equitable. — movable property : property (as personal property or crops) that could be moved — private property : property (to be a automobile) that is movable but not including crops or other assets continue to hooked up to land : property in addition to real property a tax on the non-public property

— real property : property consisting of land, properties, crops, or other sources continue to hooked up to or inside the land or advancements or fixtures forever attached to your land or even a composition on In addition it : an desire, profit, ideal, or privilege in these types of property

called also immovable property — independent property : property of the wife or husband that is not Group property or marital property Particularly : property acquired by a wife or husband prior to relationship or separately in the course of relationship (as by reward or usually by inheritance) — tangible property : property that features a tangible and corporeal existence and intrinsic financial value on account of it the insurance coverage limited property destruction coverage to tangible property

These examples are programmatically compiled from different on-line sources For example present utilization on the term 'property.' Any viewpoints expressed within the examples usually do not symbolize People of Merriam-Webster or its editors. Send out us responses about these illustrations.

— marital property : property obtained by possibly husband or wife in the course of the training course of a marriage which is subject to division upon divorce

see also asset, estate, desire perception 1, possession sense 1e — abandoned property : property to which the owner has relinquished all rights Be aware: When property is deserted, the proprietor gives up the acceptable expectation of privateness relating to it. The finder of abandoned property is entitled to keep it, and also a law enforcement officer may possibly acquire possession of deserted property as proof without the need of violating the guarantee against unreasonable searches and seizures during the Fourth Modification for the U.S. Constitution. — following-obtained property : property (as proceeds) that a debtor acquires once the commencement of the bankruptcy situation and that is generally considered A part of the personal bankruptcy estate : property obtained following the perfection of a lien or protection fascination Specifically : this kind of property acquired after the generation of a lien or security fascination which is topic for the lien or gets collateral for the safety fascination : property transferred to your estate of the decedent immediately after execution on the will — widespread property : property owned or utilized by multiple social gathering exclusively : property owned or leased by tenants in prevalent

possession in indivision at possession Notice: The states obtaining Neighborhood property laws are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property Within this entry particularly, within the civil law of Louisiana : tracts of land with their ingredient sections — intangible property : property (being a stock certification read more or Skilled license) that derives price not from its intrinsic physical mother nature but from what it represents — mental property

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

a : a quality or trait belonging and particularly peculiar to an individual or detail b : an result that an item has on Yet another item or within the senses c : advantage sense two d : an attribute popular to all associates of a category

a : something owned or possessed especially : a bit of real estate b : the exclusive proper to have, get pleasure from, and eliminate a point : ownership c : anything to which a person or small business includes a lawful title d : 1 (like a performer) that's below deal and whose function is very beneficial e : a e book or script bought for publication or creation

property implies a characteristic that belongs to your factor's critical nature and should be used to explain a sort or species.

see also QTIP have faith in at trust Notice: Less than federal tax legislation the property need to be included in the gross estate on the surviving spouse at their own Demise, where by it really is issue to taxation.