New Step by Step Map For real estate agent

New Step by Step Map For real estate agent

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prevalent property Group property mental property individual property property harm property harm insurance coverage property proper property tax community property

Review tenancy in prevalent at tenancy — Group property : property held jointly by partner and spouse precisely : property In particular from work obtained by both partner soon after marriage that may be considered in states having a Neighborhood property system to belong to both of those spouses as undivided just one-50 percent interests

of your Company : property belonging to a certain particular person — competent terminable interest property : property passing to the surviving wife or husband that qualifies for that marital deduction In case the executor so elects offering that the husband or wife is entitled to obtain earnings in payments made not less than per year for life and that not a soul has a power to appoint any A part of the property to anyone besides the surviving husband or wife

see also antenuptial arrangement Note: For most states, upon divorce marital property is divided As outlined by exactly what the court determines is equitable. — movable property : property (as particular property or crops) which can be moved — personal property : property (to be a car or truck) that is definitely movable although not which include crops or other assets still hooked up to land : property apart from real property a tax on the non-public property

— real property : property consisting of land, structures, crops, or other resources however connected to or within the land or advancements or fixtures completely hooked up for the land or maybe a construction on In addition it : an interest, reward, appropriate, or privilege in these types of property

referred to as also immovable property — different property : property of a wife or husband that isn't Group property or marital property Specially : property acquired by a husband or wife before marriage or separately in the course of marriage (as by present or normally by inheritance) — tangible property : property which has a tangible and corporeal existence and intrinsic financial worth thanks to it the insurance coverage coverage restricted property injury protection to tangible property

These examples are programmatically compiled from a variety of on line sources As an example present-day usage with the word 'property.' Any thoughts expressed from the examples usually do not signify All those of Merriam-Webster or its editors. Send us opinions about these illustrations.

— marital property : property acquired by both husband or wife in the training course of the relationship that is matter to division upon divorce

see also asset, estate, curiosity sense one, possession perception 1e — deserted property : property to which the proprietor has relinquished all rights Observe: When property is abandoned, the operator presents up the reasonable expectation of privacy concerning it. The finder of deserted property is entitled to maintain it, in addition to a police officer might just take possession of deserted property as proof devoid of violating the promise versus unreasonable queries and seizures inside the Fourth Amendment on the U.S. Structure. — just after-obtained property : property (as proceeds) that a debtor acquires once the commencement of the individual bankruptcy circumstance and click here that is usually regarded as A part of the personal bankruptcy estate : property acquired once the perfection of the lien or stability interest Particularly : these kinds of property acquired following the development of a lien or protection fascination that is certainly subject matter to your lien or becomes collateral for the safety fascination : property transferred to your estate of the decedent following execution from the will — typical property : property owned or used by multiple occasion exclusively : property owned or leased by tenants in widespread

possession in indivision at possession Notice: The states obtaining Local community property legal guidelines 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 part areas — intangible property : property (like a stock certificate or Experienced license) that derives price not from its intrinsic Bodily character but from what it represents — mental property

of not conducting warmth character applies to a peculiar and unique high quality of the matter or a class.

a : a high quality or trait belonging and especially peculiar to an individual or thing b : an outcome that an item has on another item or within the senses c : virtue perception two d : an attribute typical to all customers of a class

a : a thing owned or possessed specifically : a bit of real estate b : the exceptional suitable to possess, get pleasure from, and dispose of a factor : possession c : a little something to which someone or company contains a authorized title d : one (like a performer) that is beneath agreement and whose perform is particularly useful e : a e-book or script obtained for publication or manufacturing

property implies a characteristic that belongs to some detail's important mother nature and may be applied to describe a kind or species.

see also QTIP belief at belief Take note: Underneath federal tax legislation the property has to be included in the gross estate from the surviving spouse at his / her individual Demise, the place it really is topic to taxation.