The Single Best Strategy To Use For constructing excellence

The Single Best Strategy To Use For constructing excellence

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common property Local community property intellectual property own property property hurt property injury insurance policy property right property tax general public property

Assess tenancy in typical at tenancy — Group property : property held jointly by spouse and wife specially : property Specially from employment obtained by either wife or husband immediately after marriage that may be deemed in states having a Local community property method to belong to both spouses as undivided one particular-50 % pursuits

on the Company : property belonging to a certain individual — skilled terminable interest property : property passing into a surviving spouse that qualifies to the marital deduction When the executor so elects furnishing the wife or husband is entitled to obtain profits in payments produced no less than annually for life Which no one has an influence to appoint any Element of the property to any person aside from the surviving husband or wife

see also antenuptial agreement Notice: For most states, upon divorce marital property is divided In accordance with just what the court establishes is equitable. — movable property : property (as personalized property or crops) that can be moved — private property : property (for a vehicle) that is certainly movable although not such as crops or other assets continue to attached to land : property besides real property a tax on the non-public property

— real property : property consisting of land, structures, crops, or other resources nevertheless hooked up to or throughout the land or improvements or fixtures permanently connected into the land or possibly a framework on it also : an fascination, profit, suitable, or privilege in this sort of property

termed also immovable property — separate property : property of a wife or husband that is not Local community property or marital property Primarily : property acquired by a partner right before marriage or independently throughout relationship (as by gift or typically by inheritance) — tangible property : property that features a tangible and corporeal existence and intrinsic financial price thanks to it the insurance coverage plan limited property damage coverage to tangible property

These examples are programmatically compiled from different on the web resources For instance latest use from the phrase 'property.' Any viewpoints expressed within the examples don't symbolize more info These of Merriam-Webster or its editors. Send us responses about these examples.

— marital property : property acquired by either wife or husband during the course of a marriage that is subject to division upon divorce

see also asset, estate, desire perception one, possession perception 1e — deserted property : property to which the proprietor has relinquished all legal rights Observe: When property is deserted, the operator offers up the realistic expectation of privacy concerning it. The finder of abandoned property is entitled to keep it, as well as a police officer may possibly acquire possession of deserted property as proof with no violating the assurance from unreasonable lookups and seizures from the Fourth Modification into the U.S. Structure. — after-acquired property : property (as proceeds) that a debtor acquires after the commencement of a individual bankruptcy case and that is generally regarded as A part of the bankruptcy estate : property obtained after the perfection of a lien or stability desire Primarily : these types of property obtained following the creation of a lien or security desire that is issue into the lien or results in being collateral for the safety desire : property transferred to the estate of a decedent after execution of the will — popular property : property owned or employed by more than one get together particularly : property owned or leased by tenants in common

possession in indivision at ownership Observe: The states possessing community property rules are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property In this particular entry particularly, during the civil legislation of Louisiana : tracts of land with their ingredient sections — intangible property : property (being a stock certification or Qualified license) that derives worth not from its intrinsic Actual physical character but from what it signifies — intellectual property

of not conducting warmth character applies to a peculiar and exclusive high quality of the factor or a category.

a : a high quality or trait belonging and particularly peculiar to a person or detail b : an result that an item has on Yet another item or within the senses c : advantage feeling 2 d : an attribute widespread to all associates of a category

a : one thing owned or possessed specifically : a piece of real estate b : the special proper to have, get pleasure from, and eliminate a point : possession c : some thing to which somebody or company provides a legal title d : one particular (for instance a performer) who's under deal and whose work is particularly valuable e : a e-book or script procured for publication or manufacturing

property indicates a characteristic that belongs to your factor's necessary nature and should be used to describe a sort or species.

see also QTIP have confidence in at belief Notice: Underneath federal tax law the property need to be A part of the gross estate on the surviving wife or husband at their have death, wherever it is subject matter to taxation.