referred to as also immovable property — individual property : property of the spouse that's not Neighborhood property or marital property Specifically : property obtained by a wife or husband in advance of marriage or independently during marriage (as by gift 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 problems coverage to tangible property
see also asset, estate, fascination feeling one, possession feeling 1e — deserted property : property to which the owner has relinquished all rights Notice: When property is abandoned, the proprietor presents up the sensible expectation of privateness regarding it. The finder of deserted property is entitled to keep it, and also a law enforcement officer might consider possession of abandoned property as evidence devoid of violating the warranty against unreasonable searches and seizures inside the Fourth Modification for the U.S. Structure. — immediately after-obtained property : property (as proceeds) that a debtor acquires once the commencement of a bankruptcy scenario and that's ordinarily regarded as Portion of the individual bankruptcy estate : property obtained after the perfection of the lien or protection interest Specifically : these types of property acquired after the development of the lien or stability interest that is certainly issue to the lien or gets collateral for the safety curiosity : property transferred on the estate of the decedent following execution on the will — common property : property owned or used by multiple get together specially : property owned or leased by tenants in common
of not conducting heat character relates to a peculiar and distinct high quality of a point or a category.
a : an excellent or trait belonging and especially peculiar to someone or detail b : an impact that an object has on another object or within the senses c : advantage perception two d : an attribute popular to all members of a class
— marital property : property acquired by both husband or wife throughout the system of a relationship that is definitely issue to division on divorce
a : some thing owned or possessed exclusively : a piece of real estate b : the unique proper to possess, delight in, and eliminate a detail : possession c : something to which an individual or small business contains a check here lawful title d : one (such as a performer) that's under contract and whose perform is particularly useful e : a ebook or script acquired for publication or generation
popular property Group property mental property own property property damage property harm insurance policy property suitable property tax general public property
ownership in indivision at ownership Take note: The states having Group property legislation are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property Within this entry particularly, during the civil law of Louisiana : tracts of land with their component elements — intangible property : property (being a inventory certification or Experienced license) that derives benefit not from its intrinsic physical nature but from what it represents — intellectual property
These examples are programmatically compiled from different on the web resources to illustrate present-day usage from the word 'property.' Any thoughts expressed during the illustrations do not represent These of Merriam-Webster or its editors. Deliver us comments about these examples.
see also QTIP have faith in at have faith in Observe: Underneath federal tax regulation the property need to be A part of the gross estate of your surviving wife or husband at his / her own death, where it is subject to taxation.
from the corporation : property belonging to a particular person — certified terminable interest property : property passing to a surviving spouse that qualifies for your marital deduction When the executor so elects supplying that the spouse is entitled to receive income in payments made a minimum of annually for life Which no-one has an influence to appoint any Element of the property to anyone in addition to the surviving wife or husband
property indicates a attribute that belongs into a issue's crucial character and will be utilized to explain a type or species.
Look at tenancy in prevalent at tenancy — Group property : property held jointly by partner and spouse specially : property In particular from work acquired by both partner following marriage that is considered in states aquiring a Neighborhood property method to belong to both spouses as undivided a person-50 % pursuits
see also antenuptial arrangement Notice: In many states, upon divorce marital property is split As outlined by just what the courtroom decides is equitable. — movable property : property (as individual property or crops) that can be moved — own property : property (for a motor vehicle) which is movable but not including crops or other means however connected to land : property apart from real property a tax on the personal property
Subscribe to America's largest dictionary and have countless numbers a lot more definitions and Sophisticated search—advert absolutely free!