constructing excellence Things To Know Before You Buy

constructing excellence Things To Know Before You Buy

Blog Article

prevalent property Neighborhood property mental property personalized property property harm property damage coverage property suitable property tax community property

compare tenancy in widespread at tenancy — community property : property held jointly by spouse and wife specially : property Particularly from employment obtained by either spouse right after relationship that is definitely deemed in states getting a community property technique to belong to both spouses as undivided just one-half passions

with the corporation : property belonging to a specific human being — competent terminable interest property : property passing to your surviving spouse that qualifies for that marital deduction When the executor so elects providing which the partner is entitled to acquire revenue in payments produced a minimum of annually for all times and that not one person has a power to appoint any Component of the property to any person aside from the surviving spouse

see also antenuptial arrangement Take note: In the majority of states, upon divorce marital property is split according to exactly what the court docket determines is equitable. — movable property : property (as particular property or crops) that may be moved — particular property : property (as a automobile) that is definitely movable but not which includes crops or other methods nonetheless connected to land : property in addition to real property a tax on the personal property

— real property : property consisting of land, structures, crops, or other means still attached to or inside the land or advancements or fixtures permanently attached for the land or maybe a composition on In addition, it : an fascination, profit, correct, or privilege in these kinds of property

identified as also immovable property — separate property : property of a husband or wife that is not Local community property or marital property especially : property acquired by a husband or wife right before marriage or individually for the duration of marriage (as by present or often by inheritance) — tangible property : property that has a tangible and corporeal existence and intrinsic economic value on account of it the insurance policy limited property damage coverage to tangible property

These illustrations are programmatically compiled from various on the web resources to illustrate existing utilization of your word 'property.' Any thoughts expressed from the illustrations don't depict All those of Merriam-Webster or its editors. Mail us suggestions about these examples.

— marital property : property obtained by possibly spouse through the study course of the marriage that's matter to division on divorce

see also asset, estate, interest sense 1, possession feeling 1e — abandoned property : property to which the proprietor has relinquished all legal rights Observe: When property is deserted, the operator presents up the acceptable expectation of privateness concerning it. The finder website of abandoned property is entitled to keep it, as well as a police officer could get possession of abandoned property as evidence without the need of violating the warranty versus unreasonable queries and seizures during the Fourth Modification into the U.S. Structure. — soon after-acquired property : property (as proceeds) that a debtor acquires after the commencement of the individual bankruptcy circumstance and that's normally regarded as A part of the individual bankruptcy estate : property obtained following the perfection of a lien or security desire In particular : these kinds of property acquired after the generation of the lien or stability fascination that is definitely issue into the lien or results in being collateral for the safety curiosity : property transferred to the estate of the decedent immediately after execution on the will — typical property : property owned or used by multiple social gathering especially : property owned or leased by tenants in common

possession in indivision at ownership Be aware: 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 element components — intangible property : property (to be a inventory certification or Expert license) that derives value not from its intrinsic Actual physical character but from what it represents — mental property

of not conducting heat character applies to a peculiar and distinct good quality of a detail 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 within the senses c : virtue feeling 2 d : an attribute common to all customers of a class

a : something owned or possessed precisely : a piece of real estate b : the exclusive ideal to possess, enjoy, and get rid of a factor : possession c : anything to which an individual or business incorporates a legal title d : just one (such as a performer) that is below deal and whose get the job done is especially precious e : a guide or script ordered for publication or manufacturing

property indicates a characteristic that belongs into a matter's important mother nature and could be utilized to explain a sort or species.

see also QTIP have faith in at rely on Be aware: Underneath federal tax law the property have to be A part of the gross estate in the surviving wife or husband at his or her individual Loss of life, wherever it really is subject matter to taxation.