Indicators on constructing excellence You Should Know

Indicators on constructing excellence You Should Know

Blog Article

typical property Group property mental property private property property harm property destruction coverage property suitable property tax community property

Evaluate tenancy in popular at tenancy — Local community property : property held jointly by husband and wife specifically : property Primarily from work acquired by possibly partner after relationship that is certainly considered in states using a Neighborhood property system to belong to both equally spouses as undivided 1-50 % passions

of the Company : property belonging to a selected particular person — qualified terminable fascination property : property passing to a surviving husband or wife that qualifies for your marital deduction Should the executor so elects offering which the partner is entitled to acquire cash flow in payments made not less than every year for life and that nobody has an influence to appoint any Portion of the property to anyone aside from the surviving wife or husband

see also antenuptial arrangement Take note: In most states, on divorce marital property is divided In accordance with what the courtroom decides is equitable. — movable property : property (as personalized property or crops) that could be moved — personal property : property (like a auto) that's movable although not together with crops or other sources however attached to land : property other than real property a tax on the private property

— real property : property consisting of land, structures, crops, or other means nevertheless connected to or in the land or improvements or fixtures permanently attached on the land or a framework on In addition, it : an curiosity, reward, ideal, or privilege in this kind of property

referred to as also immovable property — different property : property of the wife or husband that is not Neighborhood property or marital property Specially : property acquired by a husband or wife right before marriage or individually for the duration of marriage (as by present or normally by inheritance) — tangible property : property that has a tangible and corporeal existence and intrinsic economic worth due to it the coverage plan restricted property harm coverage to tangible property

These examples are programmatically compiled from different on the web resources As an instance current usage from the term 'property.' Any opinions expressed inside the illustrations do not signify Individuals of Merriam-Webster or its editors. Send out us responses about these illustrations.

— marital property : property obtained by both partner over the class of the marriage which is subject matter to division on divorce

see also asset, estate, desire perception 1, possession sense 1e — deserted property : property to which the owner has relinquished all rights Note: When property is abandoned, the owner provides up the realistic expectation of privateness relating to it. The finder of deserted property is entitled to help keep it, and also a law enforcement officer may perhaps take possession of abandoned property as evidence with out violating the assure towards unreasonable searches and seizures within the Fourth Amendment towards the U.S. Constitution. — following-acquired property : property (as proceeds) that a debtor acquires after the commencement of a personal bankruptcy scenario and that is typically regarded as part of the individual bankruptcy estate : property acquired once the perfection of the lien or security interest especially : these types of property obtained following the development of a lien or security desire that is definitely subject matter on the lien or gets collateral for the security curiosity : property transferred towards the estate of the decedent immediately after execution on the will — frequent property : property owned or used by multiple occasion exclusively : property owned or leased by tenants in popular

possession in indivision at ownership Note: The states having Group property rules are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property On this entry particularly, in the civil regulation of Louisiana : tracts of land with their element parts — intangible property : property (to be a inventory certificate or professional license) that derives benefit not from its intrinsic Bodily mother nature but from what it represents — mental property

of not conducting warmth character applies to website a peculiar and distinctive excellent of a thing or a class.

a : a quality or trait belonging and particularly peculiar to a person or thing b : an influence that an object has on A further object or on the senses c : advantage sense two d : an attribute frequent to all members of a category

a : one thing owned or possessed specifically : a bit of real estate b : the exclusive appropriate to possess, delight in, and get rid of a detail : ownership c : a little something to which someone or business incorporates a legal title d : just one (such as a performer) who's under agreement and whose do the job is particularly important e : a guide or script acquired for publication or production

property implies a attribute that belongs to some matter's important character and could be utilized to explain a type or species.

see also QTIP rely on at believe in Observe: Under federal tax law the property need to be A part of the gross estate of the surviving partner at her or his own Loss of life, wherever it is topic to taxation.