New Step by Step Map For real estate agent

common property Group property intellectual property personal property property problems property damage insurance property proper property tax community property

Examine tenancy in popular at tenancy — Group property : property held jointly by husband and wife especially : property In particular from work acquired by either husband or wife following marriage that is certainly considered in states aquiring a community property technique to belong to both of those spouses as undivided a single-50 percent pursuits

of the corporation : property belonging to a certain person — certified terminable fascination property : property passing to your surviving spouse that qualifies to the marital deduction if the executor so elects offering that the partner is entitled to obtain cash flow in payments made at the least on a yearly basis for life and that not one person has an influence to appoint any Portion of the property to anyone besides the surviving wife or husband

see also antenuptial agreement Be aware: In many states, upon divorce marital property is divided As outlined by what the court docket decides is equitable. — movable property : property (as own property or crops) that may be moved — individual property : property (being a car or truck) that may be movable although not like crops or other methods continue to attached to land : property in addition to real property a tax on the personal property

— real property : property consisting of land, buildings, crops, or other sources even now connected to or throughout the land or advancements or fixtures forever attached towards the land or even a framework on What's more, it : an desire, benefit, correct, or privilege in this sort of property

named also immovable property — individual property : property of the spouse that isn't Neighborhood property or marital property Specifically : property acquired by a partner ahead of marriage or separately during marriage (as by gift or usually by inheritance) — tangible property : property which has a tangible and corporeal existence and intrinsic economic value because of it the insurance plan coverage restricted property destruction protection to tangible property

These illustrations are programmatically compiled from a variety of on the web resources As an example recent use on the phrase 'property.' Any thoughts expressed inside the examples usually do not symbolize Individuals of Merriam-Webster or its editors. Send out us responses about these illustrations.

— marital property : property acquired by either spouse in the course of the study course of a marriage that is definitely subject to division on divorce

see also asset, estate, curiosity sense 1, possession feeling 1e — abandoned property : property to which the owner has relinquished all rights Observe: When property is deserted, the proprietor gives up the realistic expectation of privateness about it. The finder of deserted property is entitled to keep it, as well as a law enforcement officer may well choose possession of abandoned property as evidence without having violating the promise from unreasonable lookups and seizures in the Fourth Amendment towards the U.S. Constitution. — soon after-obtained property : property (as proceeds) that a debtor acquires following the commencement of a individual bankruptcy scenario and that is typically regarded Component of the individual bankruptcy estate : property obtained after the perfection of a lien or security curiosity Primarily : these property obtained after the generation of the lien or safety interest that may be subject matter for the lien or gets to be collateral for the safety fascination : property transferred to your estate of the decedent following execution of your will — prevalent property : property owned or utilized by more than one occasion exclusively : property owned or leased by tenants in typical

possession in indivision at possession Take note: The states having Local community property legal guidelines are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property Within this entry precisely, while in the civil law of Louisiana : tracts of land with their ingredient pieces — intangible property : property (to be a inventory certificate or Specialist license) that derives value not from its intrinsic Bodily nature but from what it signifies — mental property

of not conducting heat character applies to a peculiar and unique good quality of a point or a class.

a : a top quality or trait belonging and especially peculiar to a person or factor b : an impact that an item has on An additional item or on the senses c : advantage perception two d : an attribute common to all customers of a category

a : anything owned or possessed specifically : a bit of real estate b : the distinctive right to possess, get pleasure from, and dispose of a issue : ownership c : anything to which an individual or small business features a authorized title d : one (like a performer) who's below contract and whose work is very important e : a guide or script ordered for publication or output

property implies a attribute that belongs to your detail's essential nature and will be applied to explain a type or species.

see also QTIP have faith in at check here trust Be aware: Underneath federal tax law the property has to be A part of the gross estate of the surviving partner at her or his very own Loss of life, wherever it is matter to taxation.

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