The Single Best Strategy To Use For constructing excellence

The Single Best Strategy To Use For constructing excellence

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typical property Local community property intellectual property personal property property problems property injury insurance property appropriate property tax public property

Review tenancy in frequent at tenancy — Group property : property held jointly by spouse and wife exclusively : property Particularly from work acquired by possibly partner just after marriage that may be deemed in states aquiring a Neighborhood property system to belong to equally spouses as undivided one-50 percent interests

with the corporation : property belonging to a certain person — experienced terminable interest property : property passing to your surviving spouse that qualifies for that marital deduction if the executor so elects delivering that the partner is entitled to acquire revenue in payments designed at the very least on a yearly basis for life Which no one has an influence to appoint any Element of the property to any person besides the surviving spouse

see also antenuptial settlement Note: In many states, upon divorce marital property is divided In keeping with what the courtroom determines is equitable. — movable property : property (as individual property or crops) which can be moved — personalized property : property (as being a car or truck) that is movable but not which includes crops or other means still attached to land : property apart from real property a tax on the private property

— real property : property consisting of land, structures, crops, or other assets nevertheless connected to or in the land or enhancements or fixtures permanently attached to the land or simply a composition on In addition, it : an fascination, profit, right, or privilege in this kind of property

referred to as also immovable property — independent property : property of a husband or wife that is not community property or marital property Particularly : property acquired by a spouse just before marriage or independently for the duration of relationship (as by present or generally by inheritance) — tangible property : property that has a tangible and corporeal existence and intrinsic economic worth as a consequence of it the insurance coverage coverage limited property destruction coverage to tangible property

These examples are programmatically compiled from several online sources As an example latest use from the phrase 'property.' Any views expressed during the illustrations don't symbolize People of Merriam-Webster or its editors. Send out us feed-back about these illustrations.

— marital property : property acquired by either partner in the course of the system of a marriage that's topic to division upon divorce

see also asset, estate, curiosity sense 1, possession perception 1e — deserted property : property to which the owner has relinquished all legal rights Notice: When property is abandoned, the operator provides up the affordable expectation of privateness relating to it. The finder of abandoned property is entitled to help keep it, as well as a police officer may perhaps acquire possession of deserted property as evidence without violating the guarantee against unreasonable searches and seizures in the Fourth Amendment towards the U.S. Constitution. — right after-acquired property : property (as proceeds) that a debtor acquires after the commencement of a bankruptcy case and that's ordinarily considered part of the bankruptcy estate : property acquired once the perfection of the lien or stability desire Primarily : these types of property obtained following the development of the lien or safety curiosity that's subject into the lien or results in being collateral for the safety fascination : property transferred to your estate of the decedent right after execution in the will — typical property : property owned or used by multiple occasion specially : property owned or leased by tenants in widespread

ownership in indivision at ownership Take note: The states owning Local community property rules are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : here real property In this particular entry especially, within the civil law of Louisiana : tracts of land with their part areas — intangible property : property (like a stock certification or Specialist license) that derives worth not from its intrinsic physical mother nature but from what it represents — intellectual property

of not conducting warmth character relates to a peculiar and distinctive high-quality of the point or a class.

a : an outstanding or trait belonging and particularly peculiar to someone or point b : an effect that an item has on One more object or over the senses c : advantage sense two d : an attribute widespread to all members of a category

a : anything owned or possessed particularly : a bit of real estate b : the unique ideal to possess, appreciate, and eliminate a point : possession c : a thing to which an individual or business provides a legal title d : one (like a performer) who is underneath contract and whose do the job is particularly valuable e : a e book or script bought for publication or output

property implies a attribute that belongs into a detail's vital nature and will be used to describe a sort or species.

see also QTIP trust at have faith in Note: Underneath federal tax law the property need to be included in the gross estate with the surviving partner at her or his personal Demise, where it truly is subject to taxation.