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Review tenancy in frequent at tenancy — Group property : property held jointly by husband and spouse especially : property Specially from employment obtained by either husband or wife right after relationship that's considered in states getting a community property process to belong to the two spouses as undivided one-50 percent pursuits

in the corporation : property belonging to a certain individual — skilled terminable interest property : property passing to your surviving partner that qualifies with the marital deduction In the event the executor so elects furnishing the wife or husband is entitled to receive 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 Take note: In many states, on divorce marital property is divided As outlined by what the courtroom establishes is equitable. — movable property : property (as individual property or crops) that could be moved — personal property : property (being a vehicle) which is movable although not such as crops or other assets continue to attached to land : property besides real property a tax on the personal property

— real property : property consisting of land, structures, crops, or other means nonetheless connected to or throughout the land or improvements or fixtures completely hooked up towards the land or maybe a structure on In addition, it : an desire, benefit, proper, or privilege in these property

known as 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 right before marriage or independently during marriage (as by present or normally by inheritance) — tangible property : property that has a tangible and corporeal existence and intrinsic economic worth on account of it the insurance plan plan restricted property injury protection to tangible property

These illustrations are programmatically compiled from numerous on the internet resources to illustrate present utilization with the word 'property.' Any thoughts expressed while in the illustrations tend not to depict All those of Merriam-Webster or its editors. Ship us feed-back about these examples.

get more info marital property : property acquired by both husband or wife in the program of a relationship that is definitely subject to division upon divorce

see also asset, estate, curiosity feeling one, possession perception 1e — abandoned property : property to which the owner has relinquished all rights Notice: When property is deserted, the operator gives up the affordable expectation of privateness relating to it. The finder of deserted property is entitled to maintain it, in addition to a law enforcement officer may possibly consider possession of abandoned property as proof without the need of violating the promise in opposition to unreasonable searches and seizures while in the Fourth Modification into the U.S. Structure. — after-obtained property : property (as proceeds) that a debtor acquires once the commencement of the individual bankruptcy scenario and that is ordinarily viewed as Component of the personal bankruptcy estate : property acquired after the perfection of a lien or safety fascination In particular : these types of property obtained once the creation of a lien or security curiosity which is matter to your lien or will become collateral for the safety desire : property transferred to the estate of a decedent after execution from the will — typical property : property owned or utilized by more than one get together especially : property owned or leased by tenants in frequent

possession in indivision at ownership Note: The states owning Local community property guidelines are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property Within this entry specially, during the civil law of Louisiana : tracts of land with their component parts — intangible property : property (as a stock certificate or Expert license) that derives price not from its intrinsic Bodily character but from what it signifies — mental property

of not conducting warmth character relates to a peculiar and exclusive good quality of the issue or a class.

a : an outstanding or trait belonging and especially peculiar to a person or thing b : an outcome that an object has on A further item or within the senses c : advantage feeling 2 d : an attribute prevalent to all associates of a category

a : something owned or possessed specifically : a bit of real estate b : the special ideal to have, delight in, and eliminate a matter : possession c : anything to which someone or organization incorporates a authorized title d : 1 (such as a performer) who is under deal and whose do the job is very precious e : a ebook or script acquired for publication or manufacturing

property implies a characteristic that belongs to the detail's necessary character and will be utilized to describe a sort or species.

see also QTIP belief at rely on Notice: Beneath federal tax law the property must be A part of the gross estate with the surviving husband or wife at their personal death, the place it is matter to taxation.

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