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Assess tenancy in common at tenancy — Local community property : property held jointly by husband and spouse especially : property Primarily from employment obtained by both wife or husband immediately after marriage which is considered in states using a community property system to belong to the two spouses as undivided one particular-half passions
of the corporation : property belonging to a specific human being — qualified terminable interest property : property passing to some surviving partner that qualifies for your marital deduction In case the executor so elects providing that the spouse is entitled to receive earnings in payments produced at the very least every year for all times Which no-one has an influence to appoint any Portion of the property to anyone in addition to the surviving spouse
see also antenuptial agreement Notice: For most states, upon divorce marital property is split In accordance with just what the court establishes is equitable. — movable property : property (as personal property or crops) that could be moved — personal property : property (being a auto) which is movable although not such as crops or other methods still connected to land : property in addition to real property a tax on the personal property
— real property : property consisting of land, structures, crops, or other methods even now attached to or within the land or improvements or fixtures forever connected on the land or even a construction on In addition, it : an curiosity, advantage, correct, or privilege in such property
termed also immovable property — different property : property of the husband or wife that is not Neighborhood property or marital property Primarily : property acquired by a partner right before marriage or independently through marriage (as by gift or typically by inheritance) — tangible property : property that includes a tangible and corporeal existence and intrinsic economic worth thanks to it the insurance coverage coverage limited property damage coverage to tangible property
These examples are programmatically compiled from several online sources As an instance present-day usage in the term 'property.' Any viewpoints expressed within the examples will not represent These of Merriam-Webster or its editors. Ship us responses about these illustrations.
— marital property : property acquired by both husband or wife over the course of a marriage that is certainly issue to division upon divorce
see also asset, estate, curiosity feeling one, possession perception 1e — abandoned property : property to which the owner has relinquished all rights Notice: When property is deserted, the operator gives up the affordable expectation of privacy relating to it. The finder of deserted property is entitled to maintain it, in addition to a police officer might just take possession of deserted property as proof without the need of violating the guarantee towards unreasonable queries and seizures while in the Fourth Modification to your U.S. Structure. — after-acquired property : property (as proceeds) that a debtor acquires after the commencement of a personal bankruptcy situation and that's commonly viewed as Element of the bankruptcy estate : property acquired after the perfection of a lien or safety interest Particularly : this kind of property acquired following the development of the lien or protection fascination that is definitely issue into the lien or becomes collateral for the security interest : property transferred towards the estate of the decedent following execution on the will — prevalent property : property owned or used by multiple occasion especially : property owned or leased by tenants in typical
possession in indivision at ownership Take note: The states possessing community property rules are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property in this entry exclusively, in the civil law of Louisiana : tracts of land with their element areas — intangible property : property (as being a inventory certificate or Specialist license) that derives value not from its intrinsic Bodily nature but from what it signifies — intellectual property
of not conducting warmth character applies to a peculiar and distinct top quality of a issue or a category.
a : an here excellent or trait belonging and especially peculiar to a person or thing b : an impact that an item has on A further object or over the senses c : virtue perception 2 d : an attribute prevalent to all members of a category
a : one thing owned or possessed precisely : a piece of real estate b : the distinctive correct to have, take pleasure in, and eliminate a point : possession c : one thing to which somebody or company incorporates a authorized title d : 1 (such as a performer) who is less than deal and whose get the job done is very worthwhile e : a e-book or script obtained for publication or manufacturing
property implies a attribute that belongs to a point's critical nature and should be used to describe a sort or species.
see also QTIP have confidence in at belief Note: Beneath federal tax legislation the property has to be included in the gross estate in the surviving wife or husband at his or her own Loss of life, the place it really is topic to taxation.