5 Easy Facts About real estate agent Described

5 Easy Facts About real estate agent Described

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common property Local community property intellectual property individual property property destruction property damage coverage property appropriate property tax public property

Examine tenancy in common 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 possessing a Group property technique to belong to both spouses as undivided just one-half passions

from the Company : property belonging to a specific man or woman — certified terminable interest property : property passing to your surviving spouse that qualifies for that marital deduction In the event the executor so elects delivering that the husband or wife is entitled to get income in payments designed at the very least annually for all times and that no person has an influence to appoint any Portion of the property to anyone aside from the surviving husband or wife

see also antenuptial agreement Observe: In most states, upon divorce marital property is split In accordance with just what the court docket establishes is equitable. — movable property : property (as individual property or crops) that could be moved — individual property : property (for a car) that is certainly movable although not which includes crops or other sources nonetheless attached to land : property aside from real property a tax on the non-public property

— real property : property consisting of land, buildings, crops, or other assets continue to attached to or in the land or advancements or fixtures permanently hooked up towards the land or maybe a structure on Furthermore, it : an interest, advantage, appropriate, or privilege in these types of property

referred to as also immovable property — individual property : property of the partner that isn't Local community property or marital property especially : property acquired by a partner before marriage or individually for the duration of relationship (as by reward or frequently by inheritance) — tangible property : property that features a tangible and corporeal existence and intrinsic economic price as a consequence of it the insurance coverage coverage limited property destruction coverage to tangible property

These examples are programmatically compiled from a variety of on the net resources to illustrate present utilization from the phrase 'property.' Any opinions expressed within the illustrations do not symbolize People of Merriam-Webster or its editors. Send out us feed-back about these illustrations.

— marital property : property acquired by either partner in the course of the program of a relationship that may be topic to division upon divorce

see also asset, estate, curiosity sense 1, possession sense 1e — abandoned property : property to which the operator has relinquished all legal rights Note: When property is deserted, the operator offers up the acceptable expectation of privateness relating to it. The finder of deserted property is entitled to help keep it, and also a law enforcement officer may well acquire possession of deserted property as proof devoid of violating the assurance versus unreasonable lookups and seizures from the Fourth Modification to your U.S. Structure. — immediately after-obtained property : property (as proceeds) that a debtor acquires following the commencement of a bankruptcy scenario and that is normally regarded as part of the individual bankruptcy estate : property obtained following the perfection of a lien or stability desire In particular : these property acquired after the creation of the lien or protection fascination that is definitely subject matter for the lien or gets to be collateral for the security desire : property transferred to your estate of the decedent soon after execution in the will — typical property : property owned or used by multiple occasion exclusively : property owned or leased by tenants in frequent

ownership in indivision at possession Take note: The states acquiring Local community property legal guidelines are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property Within this entry specifically, during the civil law click here of Louisiana : tracts of land with their component components — intangible property : property (like a stock certificate or Skilled license) that derives price not from its intrinsic Bodily character but from what it signifies — intellectual property

of not conducting heat character relates to a peculiar and exclusive good quality of the issue or a category.

a : an outstanding or trait belonging and particularly peculiar to someone or issue b : an influence that an item has on A different item or to the senses c : advantage feeling two d : an attribute frequent to all users of a class

a : some thing owned or possessed specially : a piece of real estate b : the exclusive suitable to possess, love, and get rid of a thing : possession c : one thing to which a person or small business includes a lawful title d : one particular (such as a performer) that is under agreement and whose function is very beneficial e : a reserve or script obtained for publication or output

property implies a attribute that belongs into a thing's vital mother nature and will be made use of to describe a sort or species.

see also QTIP have confidence in at rely on Take note: Below federal tax regulation the property has to be A part of the gross estate with the surviving spouse at her or his have Loss of life, where by it really is issue to taxation.