The smart Trick of asia property That No One is Discussing

The smart Trick of asia property That No One is Discussing

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prevalent property community property mental property personalized property property harm property destruction coverage property appropriate property tax community property

Evaluate tenancy in popular at tenancy — Local community property : property held jointly by husband and spouse specially : property Specially from employment obtained by both partner following relationship that is definitely deemed in states aquiring a Local community property program to belong to both spouses as undivided just one-fifty percent interests

on the corporation : property belonging to a selected particular person — certified terminable desire property : property passing to some surviving wife or husband that qualifies to the marital deduction When the executor so elects furnishing the spouse is entitled to obtain income in payments manufactured a minimum of on a yearly basis for life Which no person has a power to appoint any Section of the property to any person besides the surviving spouse

see also antenuptial arrangement Note: In the majority of states, upon divorce marital property is divided In keeping with exactly what the court docket determines is equitable. — movable property : property (as own property or crops) which can be moved — own property : property (like a car or truck) which is movable although not which include crops or other means nonetheless connected to land : property aside from real property a tax on the non-public property

— real property : property consisting of land, buildings, crops, or other sources nonetheless connected to or inside the land or enhancements or fixtures forever hooked up to the land or perhaps a construction on What's more, it : an desire, benefit, correct, or privilege in this kind of property

referred to as also immovable property — independent property : property of a husband or wife that isn't Neighborhood property or marital property In particular : property obtained by a spouse right before marriage or independently all through marriage (as by gift or typically by inheritance) — tangible property : property that includes a tangible and corporeal existence and intrinsic economic worth on account of it the coverage policy restricted property harm coverage to tangible property

These examples are programmatically compiled from a variety of on line sources to illustrate present use of the term 'property.' Any viewpoints expressed in the examples tend not to characterize All those of Merriam-Webster or its editors. Mail us feedback about these illustrations.

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

see also asset, estate, interest sense one, possession sense 1e — abandoned property : property to which the operator has relinquished all legal rights Notice: When property is abandoned, the owner gives up the realistic expectation of privateness about it. The finder of abandoned property is entitled to keep it, as well as a law enforcement officer may perhaps take possession of abandoned property as evidence without having violating the promise versus unreasonable searches and seizures within the Fourth Amendment on the U.S. Structure. — immediately after-obtained property : property (as proceeds) that a debtor acquires following the commencement of a bankruptcy situation and that is generally viewed as Section of the bankruptcy estate : property obtained following the perfection of a lien or safety fascination Primarily : these types of property obtained following the creation of the lien or stability curiosity that's subject to your lien or gets collateral for the security desire : property transferred on the estate of a decedent just after execution with the will — widespread property : property owned or get more info used by multiple get together particularly : property owned or leased by tenants in prevalent

ownership in indivision at ownership Take note: The states obtaining community property guidelines are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property On this entry specifically, while in the civil regulation of Louisiana : tracts of land with their element components — intangible property : property (as a inventory certification or Specialist license) that derives value not from its intrinsic Actual physical character but from what it represents — intellectual property

of not conducting warmth character relates to a peculiar and distinct good quality of a matter or a class.

a : an excellent or trait belonging and especially peculiar to somebody or point b : an impact that an item has on A further object or over the senses c : virtue perception 2 d : an attribute widespread to all members of a category

a : some thing owned or possessed precisely : a piece of real estate b : the exceptional correct to have, appreciate, and eliminate a thing : ownership c : a little something to which an individual or small business features a legal title d : a person (like a performer) that is under agreement and whose do the job is especially precious e : a book or script obtained for publication or generation

property implies a characteristic that belongs to the point's necessary nature and could be utilised to explain a type or species.

see also QTIP have faith in at have faith in Take note: Under federal tax legislation the property need to be included in the gross estate in the surviving husband or wife at his / her very own Dying, exactly where it can be topic to taxation.