How real estate agent can Save You Time, Stress, and Money.
How real estate agent can Save You Time, Stress, and Money.
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typical property Local community property mental property personalized property property damage property hurt insurance policy property correct property tax general public property
Review tenancy in widespread at tenancy — community property : property held jointly by spouse and spouse exclusively : property Particularly from work acquired by both wife or husband soon after marriage that may be deemed in states aquiring a Local community property program to belong to both equally spouses as undivided 1-50 percent interests
of your corporation : property belonging to a particular human being — experienced terminable curiosity property : property passing to the surviving husband or wife that qualifies for your marital deduction Should the executor so elects giving the wife or husband is entitled to get earnings in payments made not less than each year for life Which not one person has a power to appoint any Portion of the property to any person aside from the surviving spouse
see also antenuptial arrangement Note: In many states, on divorce marital property is split according to what the courtroom establishes is equitable. — movable property : property (as individual property or crops) that could be moved — particular property : property (as being a car or truck) that's movable although not including crops or other methods still connected to land : property other than real property a tax on the private property
— real property : property consisting of land, properties, crops, or other assets continue to attached to or in the land or improvements or fixtures completely hooked up to the land or possibly a composition on In addition, it : an fascination, profit, right, or privilege in this kind of property
named also immovable property — different property : property of a partner that's not Local community property or marital property Primarily : property obtained by a partner ahead of relationship or independently through relationship (as by gift or typically by inheritance) — tangible property : property that includes a tangible and corporeal existence and intrinsic financial benefit due to it the insurance policies coverage limited property problems protection to tangible property
These illustrations are programmatically compiled from several on-line resources to illustrate recent use with the term 'property.' Any viewpoints expressed from the illustrations tend not to depict Individuals of Merriam-Webster or its editors. Deliver us opinions about these examples.
— marital property : property obtained by both husband or wife in the course of a marriage that is certainly issue to division on divorce
see also asset, estate, interest sense 1, possession sense 1e — abandoned property : property to which the proprietor has relinquished all legal rights Observe: When property is deserted, the operator presents up the reasonable expectation of privacy regarding it. The finder of abandoned property is entitled to help keep it, and also a police officer could just take possession of deserted property as proof devoid of violating the warranty versus unreasonable lookups and seizures in the Fourth Modification to the U.S. Constitution. — after-acquired property : property (as proceeds) that a debtor acquires after the commencement of a bankruptcy case and that is usually considered A part of the bankruptcy estate : property acquired after the perfection of a lien or security desire Primarily : these types of property obtained once the generation of the lien or protection fascination that is certainly check here matter towards the lien or gets to be collateral for the security desire : property transferred to your estate of a decedent following execution from the will — common property : property owned or employed by multiple celebration specifically : property owned or leased by tenants in common
possession in indivision at possession Observe: The states getting Group property legislation are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property In this particular entry particularly, in the civil regulation of Louisiana : tracts of land with their part components — intangible property : property (to be a inventory certificate or Expert license) that derives benefit not from its intrinsic Bodily character but from what it represents — mental property
of not conducting warmth character applies to a peculiar and distinctive quality of the issue or a class.
a : an excellent or trait belonging and particularly peculiar to a person or factor b : an effect that an item has on One more object or on the senses c : advantage feeling two d : an attribute prevalent to all customers of a class
a : a little something owned or possessed specially : a piece of real estate b : the exclusive ideal to have, appreciate, and eliminate a matter : ownership c : a little something to which somebody or company contains a authorized title d : just one (such as a performer) that is less than deal and whose function is particularly valuable e : a e-book or script acquired for publication or output
property implies a attribute that belongs to the point's critical nature and will be applied to describe a kind or species.
see also QTIP belief at believe in Observe: Under federal tax legislation the property needs to be included in the gross estate in the surviving wife or husband at his or her very own Demise, wherever it is matter to taxation.