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Look at tenancy in frequent at tenancy — community property : property held jointly by spouse and spouse specially : property Specifically from work obtained by either wife or husband soon after marriage which is deemed in states aquiring a Neighborhood property system to belong to both of those spouses as undivided one particular-fifty percent pursuits

with the corporation : property belonging to a selected man or woman — competent terminable desire property : property passing into a surviving partner that qualifies with the marital deduction In the event the executor so elects supplying which the partner is entitled to receive profits in payments created at least per year for life Which no person has an influence to appoint any Portion of the property to anyone aside from the surviving spouse

see also antenuptial settlement Be aware: In the majority of states, upon divorce marital property is split In accordance with what the courtroom determines is equitable. — movable property : property (as particular property or crops) that may be moved — own property : property (like a auto) which is movable although not including crops or other sources continue to attached to land : property besides real property a tax on the personal property

— real property : property consisting of land, structures, crops, or other resources nevertheless hooked up to or in the land or advancements or fixtures permanently connected to your land or a structure on What's more, it : an desire, advantage, appropriate, or privilege in such property

called also immovable property — independent property : property of a partner that isn't Group property or marital property Particularly : property acquired by a wife or husband before marriage or independently through marriage (as by present or typically by inheritance) — tangible property : property that includes a tangible and corporeal existence and intrinsic financial value due to it the insurance coverage coverage restricted property hurt protection to tangible property

These illustrations are programmatically compiled from several on line sources For instance existing utilization with the term 'property.' Any viewpoints expressed in the examples don't symbolize People of Merriam-Webster or its editors. Send out us feed-back about these illustrations.

— marital property : property acquired by either spouse throughout the training course of a marriage which is matter to division upon divorce

see also asset, estate, curiosity feeling 1, possession sense 1e — abandoned property : property to which the operator has relinquished all legal rights Be aware: When property is deserted, the operator offers up the acceptable expectation of privateness concerning it. The finder of deserted property is entitled to maintain it, and a law enforcement officer may take possession of deserted property as proof devoid of violating the ensure against unreasonable lookups and seizures during the Fourth Modification to your U.S. Structure. — immediately after-obtained property : property (as proceeds) that a debtor acquires following the commencement of a bankruptcy case and that is ordinarily thought of Element of the individual bankruptcy estate : property obtained following the perfection of a lien or security desire especially : these types of property obtained following the development of a lien or security desire that is certainly matter for the lien or gets to be collateral for the security desire : property transferred to your estate of the decedent soon after execution in the will — frequent property : property owned or used by multiple social gathering exclusively : property owned or leased by tenants in frequent

ownership in indivision at possession Observe: The states here possessing community property laws are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property During this entry specially, while in the civil law of Louisiana : tracts of land with their component sections — intangible property : property (like a stock certification or Specialist license) that derives worth not from its intrinsic Actual physical character but from what it signifies — intellectual property

of not conducting warmth character applies to a peculiar and distinctive excellent of a factor or a category.

a : a top quality or trait belonging and especially peculiar to someone or point b : an effect that an item has on An additional item or about the senses c : virtue sense two d : an attribute typical to all customers of a class

a : a little something owned or possessed specially : a piece of real estate b : the exceptional proper to have, get pleasure from, and dispose of a matter : ownership c : a little something to which an individual or business incorporates a legal title d : a person (like a performer) that's beneath deal and whose operate is especially precious e : a guide or script ordered for publication or production

property implies a attribute that belongs to a point's critical character and should be used to describe a sort or species.

see also QTIP have confidence in at trust Be aware: Less than federal tax law the property have to be A part of the gross estate from the surviving husband or wife at his / her own Loss of life, wherever it's subject matter to taxation.

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