The smart Trick of real estate agent That Nobody is Discussing

The smart Trick of real estate agent That Nobody is Discussing

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widespread property community property mental property private property property harm property destruction coverage property appropriate property tax public property

Look at tenancy in common at tenancy — Neighborhood property : property held jointly by partner and wife specifically : property In particular from employment obtained by possibly husband or wife following relationship that is certainly deemed in states having a Local community property method to belong to both equally spouses as undivided 1-50 % passions

of the corporation : property belonging to a selected particular person — competent terminable interest property : property passing into a surviving spouse that qualifies for that marital deduction When the executor so elects furnishing that the husband or wife is entitled to acquire income in payments manufactured at least yearly for life and that no-one has a power to appoint any Section of the property to anyone apart from the surviving wife or husband

see also antenuptial arrangement Take note: In most states, on divorce marital property is split Based on exactly what the courtroom establishes is equitable. — movable property : property (as private property or crops) that could be moved — own property : property (like a car or truck) that is definitely movable but not which includes crops or other assets nonetheless connected to land : property in addition to real property a tax on the personal property

— real property : property consisting of land, properties, crops, or other resources even now hooked up to or in the land or advancements or fixtures permanently attached for the land or possibly a composition on it also : an fascination, benefit, correct, or privilege in these kinds of property

identified as also immovable property — different property : property of a partner that isn't Local community property or marital property Primarily : property obtained by a wife or husband before marriage or independently through relationship (as by gift or often by inheritance) — tangible property : property that has a tangible and corporeal existence and intrinsic economic value as a result of it the coverage policy restricted property problems protection to tangible property

These illustrations are programmatically compiled from several on line resources For example current usage of the term 'property.' Any thoughts expressed while in the illustrations usually do not depict People of Merriam-Webster or its editors. Send out us responses about these examples.

— marital property : property acquired by both spouse throughout the system of the relationship that's subject matter to division on divorce

see also asset, estate, desire perception one, possession perception 1e — deserted property : property to which the operator has relinquished all rights Be aware: When property is deserted, the operator presents up the affordable expectation of privacy 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 in opposition to unreasonable queries and seizures from the Fourth Modification to the U.S. Constitution. — following-acquired property : property (as proceeds) that a debtor acquires following the commencement of the individual bankruptcy circumstance and that is generally deemed Section of the individual bankruptcy estate : property obtained after the perfection of a lien or safety curiosity Specially : these kinds of property obtained once the generation of the lien or security interest that's matter for the lien or gets to be collateral for the safety desire : property transferred into the estate of the decedent following execution in the will — widespread property : property owned or utilized by multiple occasion precisely : property owned or leased by tenants in widespread

ownership read more in indivision at possession Notice: The states acquiring Local community property guidelines are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property During this entry specifically, in the civil law of Louisiana : tracts of land with their component pieces — intangible property : property (being a stock certification or Experienced license) that derives benefit not from its intrinsic Actual physical mother nature but from what it signifies — intellectual property

of not conducting heat character relates to a peculiar and unique quality of the point or a category.

a : a quality or trait belonging and particularly peculiar to somebody or detail b : an effect that an item has on A further object or to the senses c : virtue perception 2 d : an attribute prevalent to all associates of a class

a : one thing owned or possessed especially : a piece of real estate b : the unique ideal to possess, love, and eliminate a detail : possession c : a thing to which somebody or small business incorporates a authorized title d : a single (like a performer) who is under contract and whose do the job is very precious e : a ebook or script acquired for publication or creation

property implies a characteristic that belongs to the matter's necessary character and will be employed to describe a type or species.

see also QTIP belief at rely on Observe: Beneath federal tax legislation the property should be A part of the gross estate of your surviving husband or wife at their personal death, where by it can be matter to taxation.