constructing excellence Things To Know Before You Buy
constructing excellence Things To Know Before You Buy
Blog Article
frequent property Group property intellectual property individual property property injury property damage coverage property suitable property tax community property
Look at tenancy in widespread at tenancy — community property : property held jointly by partner and spouse specifically : property Specially from employment obtained by either spouse just after marriage that is considered in states aquiring a Neighborhood property system to belong to both of those spouses as undivided a single-50 % passions
on the corporation : property belonging to a certain person — skilled terminable interest property : property passing to your surviving spouse that qualifies for that marital deduction Should the executor so elects furnishing the partner is entitled to acquire money in payments produced no less than each year for all times and that no person has an influence to appoint any Portion of the property to any person other than the surviving partner
see also antenuptial settlement Be aware: In the majority of states, on divorce marital property is divided As outlined by just what the court docket determines is equitable. — movable property : property (as particular property or crops) that can be moved — individual property : property (for a car) that is movable but not together with crops or other resources nevertheless hooked up to land : property apart from real property a tax on the non-public property
— real property : property consisting of land, buildings, crops, or other means however attached to or inside the land or enhancements or fixtures completely connected into the land or even a construction on What's more, it : an interest, advantage, proper, or privilege in these types of property
known as also immovable property — separate property : property of a spouse that isn't Local community property or marital property Particularly : property obtained by a wife or husband in advance of relationship or separately during marriage (as by reward or frequently by inheritance) — tangible property : property that features a tangible and corporeal existence and intrinsic economic value as a result of it the insurance policies plan limited property destruction coverage to tangible property
These examples are programmatically compiled from a variety of on the web resources As an instance present utilization with the term 'property.' Any opinions expressed during the illustrations never represent those of Merriam-Webster or its editors. Mail us suggestions about these illustrations.
— marital property : property obtained by possibly spouse in the course of the relationship that may be subject matter to division on divorce
see also asset, estate, interest feeling one, possession perception 1e — deserted property : property to which the proprietor has relinquished all legal rights Observe: When property is deserted, the owner provides up the realistic expectation of privateness about it. The finder of abandoned property is entitled to keep it, as well as a law enforcement officer may well choose possession of abandoned property as evidence without having violating the promise from unreasonable lookups and seizures from the Fourth Modification to the U.S. Constitution. — right more info after-acquired property : property (as proceeds) that a debtor acquires following the commencement of the bankruptcy case and that's ordinarily thought of Component of the individual bankruptcy estate : property acquired after the perfection of a lien or safety curiosity Specifically : these kinds of property obtained once the generation of the lien or protection curiosity which is topic to your lien or results in being collateral for the safety interest : property transferred to the estate of a decedent following execution from the will — frequent property : property owned or used by multiple social gathering particularly : property owned or leased by tenants in common
possession in indivision at ownership Take note: The states having community property regulations are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property Within this entry particularly, from the civil law of Louisiana : tracts of land with their ingredient sections — intangible property : property (like a inventory certificate or Skilled license) that derives worth not from its intrinsic Bodily character but from what it represents — intellectual property
of not conducting heat character applies to a peculiar and distinctive quality of a thing or a category.
a : an excellent or trait belonging and particularly peculiar to somebody or detail b : an outcome that an item has on A different item or over the senses c : virtue sense two d : an attribute common to all customers of a class
a : one thing owned or possessed especially : a piece of real estate b : the exclusive right to possess, love, and eliminate a matter : possession c : anything to which someone or organization includes a authorized title d : a person (like a performer) that's below deal and whose function is very precious e : a e book or script acquired for publication or creation
property implies a characteristic that belongs to a thing's important mother nature and may be utilised to explain a type or species.
see also QTIP rely on at trust Take note: Underneath federal tax legislation the property must be included in the gross estate of your surviving husband or wife at their very own death, where it is actually subject matter to taxation.