common property Local community property intellectual property private property property damage property problems insurance policy property appropriate property tax general public property
Look at tenancy in frequent at tenancy — community property : property held jointly by spouse and spouse specially : property Particularly from work acquired by possibly husband or wife just after marriage that may be deemed in states possessing a Local community property method to belong to both equally spouses as undivided one particular-fifty percent passions
in the Company : property belonging to a specific person — competent terminable desire property : property passing to some surviving spouse that qualifies with the marital deduction In case the executor so elects providing the spouse is entitled to get income in payments manufactured at least per year for life Which not one person has an influence to appoint any Portion of the property to anyone in addition to the surviving partner
see also antenuptial arrangement Note: For most states, upon divorce marital property is divided In keeping with what the court establishes is equitable. — movable property : property (as particular property or crops) that can be moved — personalized property : property (to be a automobile) that is movable although not including crops or other assets nevertheless attached to land : property aside from real property a tax on the non-public property
— real property : property consisting of land, structures, crops, or other means nevertheless hooked up to or inside the land or advancements or fixtures forever attached for the land or maybe a composition on Additionally, it : an fascination, benefit, proper, or privilege in these types of property
referred to as also immovable property — individual property : property of the wife or husband that is not Local community property or marital property Primarily : property obtained by a spouse just before relationship or separately throughout marriage (as by present or generally by inheritance) — tangible property : property that includes a tangible and corporeal existence and intrinsic economic worth on account of it the coverage policy restricted property hurt protection to tangible property
These illustrations are programmatically compiled from numerous on the web resources As an instance present-day utilization with the phrase 'property.' Any views expressed during the examples do not characterize those of Merriam-Webster or its editors. Send us comments about these illustrations.
— marital property : property obtained by possibly wife or husband during the program of a marriage that's matter to division on divorce
see also asset, estate, fascination perception one, possession perception 1e — abandoned property : property to which the owner has relinquished all rights Be aware: When property is abandoned, the proprietor offers up the acceptable expectation of privacy regarding it. The finder of abandoned property is entitled to keep it, as well as a police officer may possibly acquire possession of deserted property as proof devoid of violating the warranty versus unreasonable lookups and seizures in the Fourth Modification to the U.S. Structure. — after-obtained property : property (as proceeds) that a debtor acquires once the commencement of the individual bankruptcy circumstance and that's ordinarily thought of Element of the individual bankruptcy estate : property obtained once the perfection of the lien or protection curiosity Specifically : this sort of property acquired after the creation of the lien or security desire that may be subject into the lien or results in being collateral for the safety fascination : property transferred on the estate of the decedent right after execution from the will — popular property : property owned or employed by multiple occasion specially : property owned or leased by tenants in widespread
possession in indivision at ownership Take note: The states owning Group property legislation are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property In this particular entry especially, in the civil legislation of Louisiana : tracts of land with their component sections — intangible property : property (like a stock certification or Expert license) that derives benefit not from its intrinsic Bodily nature but from what it signifies — intellectual property
of not conducting warmth character applies to a peculiar and distinctive excellent of a detail or a class.
a : an outstanding or trait belonging and especially peculiar to someone or factor b : an outcome that an item has on An additional item or on the senses c : virtue sense two d : an attribute widespread to all associates of a category
a : a thing owned or possessed exclusively : a piece of real estate b : the special appropriate to possess, delight in, and dispose of a matter : ownership c : a thing to which someone or company contains a legal title d : just one (such as a performer) that is under contract and whose get the job done is especially precious e : a book or script acquired for publication or output
property implies a attribute that belongs to a detail's crucial nature and will be made use of to describe a more info sort or species.
see also QTIP have faith in at trust Observe: Below federal tax regulation the property has to be A part of the gross estate in the surviving wife or husband at their own Loss of life, where by it really is issue to taxation.