Getting My realtor To Work

Getting My realtor To Work

Blog Article

prevalent property Local community property intellectual property personal property property problems property injury insurance policies property proper property tax general public property

Review tenancy in frequent at tenancy — Group property : property held jointly by spouse and spouse specially : property Particularly from work acquired by possibly husband or wife after relationship that's considered in states possessing a Group property program to belong to both of those spouses as undivided one particular-half pursuits

in the Company : property belonging to a specific human being — experienced terminable interest property : property passing into a surviving spouse that qualifies to the marital deduction When the executor so elects giving that the husband or wife is entitled to receive revenue in payments made at the least annually for all times Which nobody has an influence to appoint any A part of the property to anyone other than the surviving partner

see also antenuptial settlement Be aware: In the majority of states, on divorce marital property is divided In keeping with what the courtroom establishes is equitable. — movable property : property (as individual property or crops) that could be moved — personal property : property (like a auto) that's movable but not which include crops or other resources nevertheless connected to land : property other than real property a tax on the private property

— real property : property consisting of land, properties, crops, or other resources even now hooked up to or within the land or advancements or fixtures forever attached for the land or possibly a composition on Additionally, it : an fascination, profit, right, or privilege in this sort of property

identified as also immovable property — separate property : property of a spouse that isn't Local community property or marital property Primarily : property obtained by a wife or husband prior to marriage or independently for the duration of relationship (as by reward or frequently by inheritance) — tangible property : property which has a tangible and corporeal existence and intrinsic economic price thanks to it the insurance policy restricted property injury coverage to tangible property

These examples are programmatically compiled from a variety of on the web resources As an instance present-day use with the phrase 'property.' Any views expressed while in the examples usually do not depict People of Merriam-Webster or its editors. Send out us responses about these illustrations.

— marital property : property obtained by possibly wife or husband in the course of a marriage that is topic to division upon divorce

see also asset, estate, curiosity feeling 1, possession sense 1e — abandoned property : property to which the owner has relinquished all legal rights Observe: When property is abandoned, the proprietor offers up the realistic expectation of privacy regarding it. The finder of deserted property is entitled to keep it, and a law enforcement officer may perhaps take possession of abandoned property as evidence without having violating the ensure in opposition to unreasonable queries and seizures inside the Fourth Amendment towards the U.S. Constitution. — just after-obtained property : property (as proceeds) that a debtor acquires once the commencement of a individual bankruptcy case and that is generally regarded as A part of the bankruptcy estate : property obtained once the perfection of a lien or safety interest especially : these kinds of property acquired after the generation of the lien or safety interest that is definitely matter towards the lien or results in being collateral for the safety curiosity : property transferred to the estate of the decedent immediately after execution with the will — frequent property : property owned or used by multiple social gathering particularly : property owned or leased by tenants in common

possession in indivision at ownership Note: The states acquiring Neighborhood property regulations are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property in this entry precisely, from the civil law of Louisiana : tracts realtor of land with their component pieces — intangible property : property (for a stock certification or Specialist license) that derives worth not from its intrinsic Actual physical character but from what it represents — mental property

of not conducting warmth character applies to a peculiar and exclusive high quality of the matter or a class.

a : a quality or trait belonging and particularly peculiar to a person or detail b : an influence that an object has on another item or on the senses c : advantage sense two d : an attribute widespread to all associates of a category

a : some thing owned or possessed specially : a piece of real estate b : the special appropriate to possess, delight in, and dispose of a detail : ownership c : something to which somebody or company provides a legal title d : one particular (such as a performer) that is below deal and whose function is particularly valuable e : a ebook or script procured for publication or creation

property implies a attribute that belongs to your point's essential character and may be applied to describe a kind or species.

see also QTIP trust at have confidence in Take note: Below federal tax legislation the property should be A part of the gross estate from the surviving husband or wife at his or her individual death, wherever it's subject matter to taxation.