The 2-Minute Rule for real estate agent

frequent property Group property mental property individual property property destruction property hurt insurance coverage property ideal property tax community property

compare tenancy in prevalent at tenancy — Neighborhood property : property held jointly by partner and wife precisely : property Specially from employment obtained by either spouse right after relationship that is certainly deemed in states getting a community property process to belong to the two spouses as undivided a person-fifty percent pursuits

in the Company : property belonging to a specific human being — competent terminable desire property : property passing into a surviving wife or husband that qualifies to the marital deduction Should the executor so elects delivering which the partner is entitled to acquire revenue in payments built at the very least on a yearly basis for life Which nobody has an influence to appoint any part of the property to anyone in addition to the surviving partner

see also antenuptial settlement Be aware: For 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 may be moved — personalized property : property (as a car) that is definitely movable although not including crops or other assets however hooked up to land : property other than real property a tax on the personal property

— real property : property consisting of land, properties, crops, or other resources however attached to or in the land or advancements or fixtures permanently connected to the land or even a framework on it also : an curiosity, gain, right, or privilege in these kinds of property

termed also immovable property — separate property : property of the wife or husband that is not Neighborhood property or marital property In particular : property acquired by a partner in advance of marriage or individually for the duration of relationship (as by gift or usually by inheritance) — tangible property : property that features a tangible and corporeal existence and intrinsic financial value on account of it the coverage policy restricted property problems protection to tangible property

These examples are programmatically compiled from numerous on the web resources to illustrate existing utilization with the word 'property.' Any opinions expressed inside the illustrations never signify Individuals of Merriam-Webster or its editors. Send out us feed-back about these examples.

— marital property : property acquired by both husband or wife in the program of a marriage that is definitely issue to division upon divorce

see also asset, estate, curiosity feeling one, possession perception 1e — deserted property : property to which the owner has relinquished all rights Notice: When property is deserted, the operator presents up the reasonable expectation of get more info privacy regarding it. The finder of abandoned property is entitled to help keep it, and also a law enforcement officer may get possession of abandoned property as proof devoid of violating the warranty against unreasonable searches and seizures within the Fourth Amendment on the U.S. Structure. — immediately after-obtained property : property (as proceeds) that a debtor acquires once the commencement of a bankruptcy situation and that is normally regarded Component of the personal bankruptcy estate : property obtained once the perfection of a lien or security interest Particularly : this sort of property acquired following the development of the lien or stability desire that may be issue to the lien or gets to be collateral for the security curiosity : property transferred for the estate of a decedent soon after execution on the will — prevalent property : property owned or employed by multiple bash precisely : property owned or leased by tenants in popular

ownership in indivision at ownership Note: The states getting community property legislation are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property On this entry particularly, from the civil regulation of Louisiana : tracts of land with their part sections — intangible property : property (for a inventory certificate or professional license) that derives price not from its intrinsic physical mother nature but from what it represents — intellectual property

of not conducting heat character applies to a peculiar and unique top quality of a factor or a class.

a : a high quality or trait belonging and especially peculiar to an individual or thing b : an effect that an object has on another item or over the senses c : advantage perception two d : an attribute widespread to all members of a category

a : a little something owned or possessed precisely : a bit of real estate b : the exceptional appropriate to have, take pleasure in, and get rid of a factor : ownership c : some thing to which a person or business contains a lawful title d : a person (for instance a performer) that is beneath agreement and whose function is especially valuable e : a reserve or script ordered for publication or generation

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

see also QTIP belief at trust Be aware: Underneath federal tax legislation the property has to be included in the gross estate of the surviving wife or husband at her or his own Loss of life, the place it truly is matter to taxation.

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