known as also immovable property — individual property : property of a wife or husband that's not Local community property or marital property Particularly : property obtained by a partner right before relationship or independently during relationship (as by gift or generally by inheritance) — tangible property : property which has a tangible and corporeal existence and intrinsic financial price due to it the coverage plan restricted property problems coverage to tangible property
see also asset, estate, fascination sense 1, possession sense 1e — deserted property : property to which the owner has relinquished all legal rights Be aware: When property is deserted, the owner offers up the realistic expectation of privacy relating to it. The finder of deserted property is entitled to maintain it, as well as a law enforcement officer might acquire possession of abandoned property as proof with out violating the assurance towards unreasonable queries and seizures within the Fourth Amendment into the U.S. Structure. — following-obtained property : property (as proceeds) that a debtor acquires once the commencement of a individual bankruptcy case and that's typically thought of Portion of the individual bankruptcy estate : property acquired following the perfection of the lien or security fascination especially : this sort of property obtained once the development of the lien or security curiosity that may be subject for the lien or will become collateral for the security curiosity : property transferred to your estate of a decedent right after execution with the will — widespread property : property owned or employed by more than one get together especially : property owned or leased by tenants in popular
of not conducting heat character applies to a peculiar and unique excellent of the detail or a class.
a : an outstanding or trait belonging and particularly peculiar to someone or detail b : an effect that an object has on Yet another object or to the senses c : virtue feeling two d : an attribute widespread to all users of a category
— marital property : property obtained by possibly spouse through the system of a marriage that is certainly subject matter to division on divorce
a : a little something owned or possessed exclusively : a bit of real estate b : the special right to possess, appreciate, and eliminate a thing : ownership c : anything to which anyone or business includes a authorized title d : one particular (like a performer) that is underneath deal and whose work is very valuable e : a book or script acquired for publication or output
common property Neighborhood property intellectual property personalized property property problems property damage insurance coverage property appropriate property tax community property
possession in indivision at ownership Be aware: The states possessing Neighborhood property legal guidelines are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property In this particular entry exclusively, during the civil regulation of Louisiana : tracts of land with their component components — intangible property : property (like a inventory certification or Qualified license) that derives value not from its intrinsic physical mother nature but from what it signifies — intellectual property
These examples are programmatically compiled from numerous on-line sources to illustrate recent usage from the phrase 'property.' Any thoughts expressed while in the illustrations usually do not signify These of Merriam-Webster or its editors. Send us feedback click here about these illustrations.
see also QTIP rely on at have faith in Notice: Under federal tax law the property has to be A part of the gross estate of your surviving spouse at his or her possess death, where it is actually subject matter to taxation.
on the corporation : property belonging to a selected man or woman — competent terminable interest property : property passing to a surviving spouse that qualifies for your marital deduction When the executor so elects supplying the partner is entitled to obtain revenue in payments created a minimum of on a yearly basis for all times and that not one person has an influence to appoint any A part of the property to anyone besides the surviving partner
property indicates a attribute that belongs into a point's crucial character and should be made use of to explain a sort or species.
Review tenancy in prevalent at tenancy — Local community property : property held jointly by spouse and wife especially : property Primarily from employment obtained by either wife or husband right after relationship that is definitely considered in states getting a Local community property technique to belong to equally spouses as undivided a single-fifty percent interests
see also antenuptial agreement Note: For most states, upon divorce marital property is split Based on just what the court decides is equitable. — movable property : property (as personal property or crops) which can be moved — own property : property (like a auto) which is movable although not such as crops or other methods continue to hooked up to land : property aside from real property a tax on the non-public property
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