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common property Group property mental property personal property property problems property injury insurance coverage property ideal property tax community property

Evaluate tenancy in widespread at tenancy — community property : property held jointly by partner and spouse specifically : property In particular from employment obtained by possibly spouse soon after relationship that is deemed in states getting a community property technique to belong to each spouses as undivided a person-fifty percent passions

of the corporation : property belonging to a selected particular person — qualified terminable interest property : property passing to a surviving husband or wife that qualifies to the marital deduction if the executor so elects giving which the spouse is entitled to obtain cash flow in payments made no less than each year for all times and that not one person has a power to appoint any Component of the property to any person besides the surviving spouse

see also antenuptial arrangement Observe: In most states, upon divorce marital property is divided As outlined by just what the court docket establishes is equitable. — movable property : property (as own property or crops) that can be moved — personal property : property (like a car or truck) which is movable although not such as crops or other methods nevertheless hooked up to land : property other than real property a tax on the personal property

— real property : property consisting of land, structures, crops, or other methods still attached to or inside the land or enhancements or fixtures completely connected to your land or a structure on Additionally, it : an curiosity, gain, right, or privilege in these kinds of property

termed also immovable property — individual property : property of the husband or wife that isn't Local community property or marital property Particularly : property acquired by a partner prior to relationship or individually for the duration of relationship (as by present or often by inheritance) — tangible property : property which has a tangible and corporeal existence and intrinsic financial value as a result of it the insurance plan restricted property harm protection to tangible property

These illustrations are programmatically compiled from numerous on the web resources For instance existing utilization on the term 'property.' Any views expressed from the illustrations will not represent Individuals of Merriam-Webster or its editors. Send out us feedback about these examples.

— marital property : property obtained by possibly wife or husband throughout the system of the relationship that is matter to division on divorce

see also asset, estate, desire sense 1, possession feeling 1e — deserted property : property to which the operator has relinquished all legal rights Note: When property is abandoned, the proprietor offers up the fair expectation of privacy concerning it. The finder of abandoned property is entitled to help keep it, and also a law enforcement officer may consider possession of abandoned property as proof devoid of violating the warranty against unreasonable searches and seizures inside the Fourth Amendment for the U.S. Structure. — immediately after-obtained property : property (as proceeds) that a debtor acquires after the commencement of a bankruptcy situation and that is usually thought of Component of the bankruptcy estate : property acquired following the perfection of a lien or protection fascination Specially : this sort of property acquired once the creation of the lien or safety interest that may be matter on the lien or will become collateral for the safety desire : property transferred to the estate of a decedent following execution from the will — frequent property : property owned or utilized by more than one social gathering specially : property owned or leased by tenants in prevalent

possession in indivision at possession Take note: The states owning Group property guidelines are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property in this entry specifically, within the civil law of Louisiana : tracts of land with their element elements — intangible property : property (like a stock 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 high quality of a thing or a class.

a : a quality or trait belonging and especially peculiar to an individual or thing b : an effect that an item has on A further item or over the senses read more c : advantage perception two d : an attribute prevalent to all customers of a category

a : one thing owned or possessed exclusively : a piece of real estate b : the unique proper to possess, appreciate, and dispose of a detail : possession c : a little something to which somebody or company provides a legal title d : just one (such as a performer) who's below contract and whose work is very important e : a e book or script ordered for publication or generation

property implies a characteristic that belongs to a thing's critical mother nature and could be utilised to describe a type or species.

see also QTIP believe in at trust Take note: Less than federal tax regulation the property have to be included in the gross estate with the surviving spouse at their individual death, exactly where it is issue to taxation.