constructing excellence Things To Know Before You Buy
constructing excellence Things To Know Before You Buy
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widespread property community property mental property private property property damage property problems insurance plan property proper property tax public property
Review tenancy in typical at tenancy — Group property : property held jointly by spouse and spouse exclusively : property Particularly from work acquired by either husband or wife right after marriage that is definitely considered in states possessing a Neighborhood property technique to belong to both equally spouses as undivided one-fifty percent passions
in the corporation : property belonging to a certain human being — qualified terminable curiosity property : property passing into a surviving wife or husband that qualifies for your marital deduction In case the executor so elects giving which the spouse is entitled to get money in payments produced no less than yearly for life and that nobody has a power to appoint any A part of the property to any person aside from the surviving husband or wife
see also antenuptial settlement Note: In many states, upon divorce marital property is split according to exactly what the court decides is equitable. — movable property : property (as own property or crops) which can be moved — individual property : property (being a auto) that's movable although not including crops or other sources even now hooked up to land : property other than real property a tax on the personal property
— real property : property consisting of land, buildings, crops, or other assets however hooked up to or throughout the land or advancements or fixtures permanently attached into the land or even a framework on it also : an interest, advantage, correct, or privilege in these kinds of property
termed also immovable property — different property : property of the husband or wife that's not community property or marital property Specially : property obtained by a spouse just before marriage or independently during relationship (as by present or generally by inheritance) — tangible property : property that includes a tangible and corporeal existence and intrinsic financial value as a result of it the coverage policy restricted property damage coverage to tangible property
These illustrations are programmatically compiled from numerous online sources to illustrate current use of your term 'property.' Any thoughts expressed within the illustrations tend not to symbolize These of Merriam-Webster or its editors. Ship us opinions about these illustrations.
— marital property : property obtained by both husband or wife over the training course of the marriage that may be topic to division upon divorce
see also asset, estate, fascination perception one, possession sense 1e — abandoned property : property to which the proprietor has relinquished all legal rights Observe: When property is deserted, the owner offers up the realistic expectation of privacy concerning it. The finder of abandoned property is entitled to maintain it, and a law enforcement officer may perhaps acquire possession of deserted property as evidence without having violating the ensure towards unreasonable searches and seizures in the Fourth Modification on the U.S. Constitution. — immediately after-obtained property : property (as proceeds) that a debtor acquires after the commencement of a bankruptcy circumstance and that's typically regarded Portion of the personal bankruptcy estate : property acquired once the perfection of the lien or safety curiosity especially : such property obtained once the development of a lien or security desire which is topic to the lien or results in being collateral for the safety curiosity : property transferred to the estate of the decedent soon after execution in the will — popular property : property owned or utilized by more than one bash exclusively : property owned or leased by tenants in frequent
possession in indivision at possession Notice: The states having Group property rules are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property On this entry specifically, while in the civil legislation of Louisiana : tracts of land with their component areas — intangible property : property (as being a inventory certificate or Skilled license) that derives benefit not from its intrinsic Bodily mother nature but here from what it represents — mental property
of not conducting heat character relates to a peculiar and unique high quality of the point or a class.
a : an excellent or trait belonging and especially peculiar to an individual or matter b : an impact that an item has on One more 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 specifically : a bit of real estate b : the exclusive suitable to possess, love, and get rid of a thing : possession c : one thing to which someone or company incorporates a legal title d : just one (such as a performer) that is less than agreement and whose perform is very worthwhile e : a book or script ordered for publication or manufacturing
property indicates a characteristic that belongs to the point's critical character and could be utilised to describe a kind or species.
see also QTIP trust at have faith in Note: Underneath federal tax law the property need to be included in the gross estate on the surviving wife or husband at their own Demise, where it truly is subject to taxation.