New Step by Step Map For real estate agent

New Step by Step Map For real estate agent

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typical property Local community property intellectual property own property property hurt property injury insurance coverage property ideal property tax community property

Evaluate tenancy in typical at tenancy — Group property : property held jointly by spouse and spouse exclusively : property Particularly from work acquired by possibly partner after relationship that's considered in states possessing a Group property program to belong to both of those spouses as undivided one particular-half passions

of the Company : property belonging to a particular particular person — qualified terminable fascination property : property passing to a surviving husband or wife that qualifies for the marital deduction In case the executor so elects supplying which the spouse is entitled to get earnings in payments manufactured a minimum of per year for life Which no one has an influence to appoint any part of the property to anyone other than the surviving partner

see also antenuptial agreement Observe: In most states, on divorce marital property is divided In line with what the courtroom establishes is equitable. — movable property : property (as individual property or crops) which might be moved — private property : property (as being a automobile) that is definitely movable but not such as crops or other methods continue to 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 inside the land or advancements or fixtures permanently connected to your land or perhaps a framework on it also : an curiosity, gain, right, or privilege in these kinds of property

termed also immovable property — independent property : property of the spouse that isn't Local community property or marital property especially : property acquired by a husband or wife before relationship or separately throughout relationship (as by reward or frequently by inheritance) — tangible property : property which has a tangible and corporeal existence and intrinsic economic benefit due to it the insurance plan plan restricted property hurt protection to tangible property

These examples are programmatically compiled from various online sources As an instance current utilization on the term 'property.' Any opinions expressed inside the illustrations never signify People of Merriam-Webster or its editors. Mail us feed-back about these examples.

— marital property : property acquired by both wife or husband during the training course of the relationship that is topic to division on divorce

see also asset, website estate, desire perception 1, possession sense 1e — abandoned property : property to which the operator has relinquished all rights Be aware: When property is abandoned, the proprietor presents up the reasonable expectation of privacy regarding it. The finder of deserted property is entitled to maintain it, in addition to a police officer might just take possession of deserted property as proof without violating the assurance versus unreasonable searches and seizures inside the Fourth Amendment on the U.S. Structure. — just after-acquired property : property (as proceeds) that a debtor acquires after the commencement of a personal bankruptcy scenario and that's usually regarded as Portion of the personal bankruptcy estate : property obtained following the perfection of the lien or protection desire Primarily : such property acquired after the development of a lien or protection fascination that is definitely issue to the lien or becomes collateral for the security curiosity : property transferred for the estate of a decedent soon after execution with the will — prevalent property : property owned or employed by multiple bash specifically : property owned or leased by tenants in common

ownership in indivision at ownership Be aware: The states possessing Neighborhood property legal guidelines are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property In this particular entry exclusively, while in the civil legislation of Louisiana : tracts of land with their part areas — intangible property : property (for a inventory certification or Qualified license) that derives price 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 exclusive good quality of the detail or a class.

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

a : anything owned or possessed exclusively : a piece of real estate b : the unique correct to possess, appreciate, and dispose of a thing : ownership c : something to which anyone or business enterprise includes a lawful title d : a single (like a performer) that is beneath agreement and whose perform is especially valuable e : a book or script procured for publication or output

property indicates a attribute that belongs into a point's important nature and could be made use of to explain a kind or species.

see also QTIP have confidence in at believe in Note: Under federal tax regulation the property need to be A part of the gross estate in the surviving partner at his or her have Dying, the place it really is topic to taxation.