The 2-Minute Rule for real estate agent
The 2-Minute Rule for real estate agent
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typical property Local community property intellectual property personal property property injury property damage insurance policies property right property tax community property
Review tenancy in common at tenancy — Neighborhood property : property held jointly by partner and wife precisely : property Particularly from work acquired by either husband or wife immediately after marriage that may be deemed in states aquiring a Neighborhood property procedure to belong to equally spouses as undivided one-50 percent interests
on the corporation : property belonging to a certain person — experienced terminable desire property : property passing to some surviving husband or wife that qualifies with the marital deduction In case the executor so elects providing the wife or husband is entitled to get income in payments designed at least annually for life and that not a soul has a power to appoint any Component of the property to any person besides the surviving wife or husband
see also antenuptial agreement Observe: In most states, upon divorce marital property is split according to exactly what the court docket determines is equitable. — movable property : property (as particular property or crops) that can be moved — particular property : property (as a motor vehicle) that may be movable but not like crops or other means nevertheless connected to land : property other than real property a tax on the personal property
— real property : property consisting of land, properties, crops, or other resources nonetheless hooked up to or within the land or enhancements or fixtures forever hooked up towards the land or possibly a composition on Additionally, it : an curiosity, gain, correct, or privilege in these kinds of property
called also immovable property — independent property : property of the wife or husband that is not Local community property or marital property Primarily : property acquired by a husband or wife 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 as a consequence of it the insurance policy restricted property problems protection to tangible property
These examples are programmatically compiled from a variety of on line sources to illustrate recent use from the phrase 'property.' Any views expressed during the examples usually do not depict Those people of Merriam-Webster or its editors. Send us comments about these illustrations.
— marital property : property obtained by possibly spouse through the system of the relationship that is topic to division on divorce
see also asset, estate, fascination perception 1, possession sense 1e — abandoned property : property to which the proprietor has relinquished all rights Observe: When property is deserted, the owner gives up the sensible expectation of privateness relating to it. The finder of deserted property is entitled to maintain it, and a police officer could just take possession of deserted property as proof without violating the assure towards unreasonable queries and seizures while in the Fourth Modification into the U.S. Structure. — after-acquired property : property realtor (as proceeds) that a debtor acquires after the commencement of a personal bankruptcy scenario and that's ordinarily thought of part of the bankruptcy estate : property acquired following the perfection of a lien or safety fascination In particular : these property obtained once the generation of the lien or security interest that's topic for the lien or turns into collateral for the security fascination : property transferred on the estate of the decedent soon after execution with the will — prevalent property : property owned or employed by multiple occasion precisely : property owned or leased by tenants in popular
possession in indivision at possession Take note: The states owning Group property laws are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property in this entry specifically, during the civil regulation of Louisiana : tracts of land with their ingredient pieces — intangible property : property (to be a inventory certification or Experienced license) that derives benefit not from its intrinsic Actual physical mother nature but from what it signifies — mental property
of not conducting warmth character relates to a peculiar and unique top quality of a point or a class.
a : a top quality or trait belonging and particularly peculiar to an individual or issue b : an effect that an item has on A different item or about the senses c : advantage feeling 2 d : an attribute common to all customers of a category
a : anything owned or possessed specially : a piece of real estate b : the exceptional correct to possess, enjoy, and get rid of a thing : ownership c : a little something to which someone or business enterprise includes a authorized title d : a single (such as a performer) who's under agreement and whose work is particularly important e : a e-book or script procured for publication or manufacturing
property indicates a characteristic that belongs to the point's vital nature and should be used to explain a sort or species.
see also QTIP belief at rely on Observe: Beneath federal tax law the property should be included in the gross estate of the surviving partner at his / her very own Demise, where it truly is issue to taxation.