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typical property Group property mental property own property property problems property hurt insurance policy property correct property tax general public property

Review tenancy in frequent at tenancy — Group property : property held jointly by spouse and wife specially : property Specifically from work acquired by either wife or husband soon after marriage that is definitely deemed in states using a community property procedure to belong to equally spouses as undivided 1-50 percent interests

in the Company : property belonging to a particular particular person — competent terminable desire property : property passing to your surviving spouse that qualifies for that marital deduction if the executor so elects giving the wife or husband is entitled to receive cash flow in payments produced at the least yearly for all times Which no-one has an influence to appoint any part of the property to any person besides the surviving spouse

see also antenuptial arrangement Take note: In many states, on divorce marital property is split according to exactly what the court docket determines is equitable. — movable property : property (as private property or crops) which might be moved — personal property : property (like a auto) that is movable but not together with crops or other resources continue to attached to land : property besides real property a tax on the personal property

— real property : property consisting of land, structures, crops, or other resources even now hooked up to or inside the land or advancements or fixtures permanently attached into the land or even a framework on it also : an curiosity, gain, correct, or privilege in these kinds of property

called also immovable property — individual property : property of the spouse that isn't community property or marital property Specially : property obtained by a partner ahead of relationship or individually for the duration of relationship (as by present or generally by inheritance) — tangible property : property that has a tangible and corporeal existence and intrinsic economic price because of it the insurance policies policy restricted property hurt coverage to tangible property

These illustrations are programmatically compiled from different on line resources For instance existing use of the word 'property.' Any views expressed while in the illustrations do not symbolize Those people of Merriam-Webster or its editors. Send us comments about these illustrations.

— marital property : property obtained by either partner in the course of the study course of the relationship that's matter to division on divorce

see also asset, estate, interest sense 1, possession feeling 1e — deserted property : property to which the operator has relinquished all legal rights Note: When property is abandoned, the owner provides up the realistic expectation of privateness relating to it. The finder of deserted property is entitled to maintain it, and a police officer could just take possession of deserted property as proof devoid of violating the guarantee towards unreasonable queries and seizures while in the Fourth Modification on the U.S. Structure. — soon after-obtained property : property (as proceeds) that a debtor acquires following the commencement of a personal bankruptcy case and that's typically regarded as part of the individual bankruptcy estate : property acquired after the perfection of a lien or stability fascination Specifically : this sort of property acquired once the development of a lien or security desire that is certainly topic to the lien or results in being collateral for the safety curiosity : property transferred towards the estate of the decedent immediately after execution on the will — frequent property : property owned or used by multiple get together particularly : property owned or leased by tenants in popular

possession in indivision at ownership Note: The states owning Local community property regulations are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property During this entry precisely, from the civil legislation of Louisiana : tracts of land with their ingredient components — intangible property : property (like a stock certificate or Experienced license) that derives price not from its intrinsic Bodily nature but from what it represents — mental property

of not conducting warmth character relates to a peculiar and unique high quality of the matter or a class.

a : a high quality or trait belonging and especially peculiar to someone or issue b : an impact that an item has on One more object or to the senses c : virtue perception 2 d : an attribute common to all customers of a class

a : a thing owned website or possessed particularly : a bit of real estate b : the unique ideal to possess, love, and get rid of a matter : ownership c : a thing to which an individual or business enterprise includes a lawful title d : 1 (for instance a performer) who is beneath contract and whose get the job done is especially worthwhile e : a reserve or script purchased for publication or generation

property implies a attribute that belongs to the point's critical nature and should be made use of to describe a sort or species.

see also QTIP believe in at rely on Note: Beneath federal tax law the property has to be A part of the gross estate of the surviving partner at his / her personal Demise, where by it really is subject matter to taxation.