The Single Best Strategy To Use For constructing excellence

The Single Best Strategy To Use For constructing excellence

Blog Article

widespread property community property mental property private property property hurt property damage insurance policies property correct property tax general public property

Assess tenancy in frequent at tenancy — Neighborhood property : property held jointly by partner and spouse especially : property Particularly from work acquired by either husband or wife soon after marriage that may be deemed in states having a Local community property method to belong to both equally spouses as undivided a single-half passions

with the Company : property belonging to a specific particular person — skilled terminable interest property : property passing to some surviving husband or wife that qualifies for the marital deduction When the executor so elects supplying the partner is entitled to obtain revenue in payments manufactured no less than per year for life Which nobody has an influence to appoint any Portion of the property to anyone aside from the surviving wife or husband

see also antenuptial arrangement Take note: In many states, on divorce marital property is divided As outlined by what the courtroom establishes is equitable. — movable property : property (as private property or crops) that may be moved — own property : property (like a auto) which is movable although not such as crops or other means nonetheless hooked up to land : property besides real property a tax on the non-public property

— real property : property consisting of land, buildings, crops, or other sources nevertheless connected to or in the land or advancements or fixtures forever hooked up to your land or maybe a framework on Furthermore, it : an fascination, benefit, appropriate, or privilege in these property

termed also immovable property — independent property : property of a spouse that isn't Neighborhood property or marital property Primarily : property acquired by a partner in advance of marriage or independently through relationship (as by gift or usually by inheritance) — tangible property : property that includes a tangible and corporeal existence and intrinsic economic worth on account of it the coverage policy restricted property problems protection to tangible property

These examples are programmatically compiled from a variety of on the net resources For instance recent use of your word 'property.' Any thoughts expressed from the illustrations do not symbolize All those of Merriam-Webster or its editors. Mail us feedback about these examples.

— marital property : property obtained by possibly wife or husband during the training course of the relationship 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 abandoned, the owner provides up the acceptable expectation of privateness about it. The finder of abandoned property is entitled to keep it, and also a law enforcement officer might consider possession of abandoned property as proof devoid of violating the warranty against unreasonable searches 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 scenario and that's ordinarily considered A part of the personal bankruptcy estate : property obtained following the perfection of the lien or stability interest Particularly : this kind of property acquired following the development of the lien or stability interest that's topic for the lien or gets collateral for the safety fascination : property transferred to your estate of the decedent just after execution of your will — common property : property owned or used by more than one party particularly : property owned or leased by tenants in typical

ownership in indivision at ownership Be aware: The states getting Neighborhood property legal guidelines are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property In this particular entry specifically, while in the civil regulation of Louisiana : tracts of land with their element sections — intangible property : property (as a stock certification or Experienced license) that derives worth not from its intrinsic Actual physical nature but from what it represents — intellectual property

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

a : an outstanding or trait belonging and especially peculiar to someone or detail b : an effect that an item has on A further item or over the senses c : advantage feeling two d : an more info attribute frequent to all associates of a class

a : some thing owned or possessed particularly : a piece of real estate b : the special ideal to have, delight in, and get rid of a issue : ownership c : some thing to which an individual or business has a lawful title d : just one (like a performer) that is below contract and whose work is very important e : a e book or script acquired for publication or creation

property implies a characteristic that belongs to a detail's necessary character and will be utilized to describe a sort or species.

see also QTIP rely on at have faith in Notice: Below federal tax law the property needs to be A part of the gross estate on the surviving partner at his or her have death, where it is actually subject matter to taxation.