The 2-Minute Rule for real estate agent

The 2-Minute Rule for real estate agent

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common property Local community property intellectual property own property property problems property injury insurance coverage property correct property tax general public property

Examine tenancy in common at tenancy — Group property : property held jointly by husband and spouse especially : property especially from work obtained by possibly partner following relationship which is considered in states getting a community property process to belong to each spouses as undivided a person-fifty percent interests

of your corporation : property belonging to a particular man or woman — certified terminable desire property : property passing into a surviving wife or husband that qualifies for your marital deduction Should the executor so elects offering which the spouse is entitled to get income in payments made no less than each year for all times and that not one person has a power to appoint any part 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 split Based on exactly what the courtroom determines is equitable. — movable property : property (as private property or crops) which might be moved — private property : property (for a auto) which is movable but not together with crops or other sources even now attached to land : property besides real property a tax on the non-public property

— real property : property consisting of land, structures, crops, or other methods still connected to or in the land or advancements or fixtures permanently connected to your land or perhaps a framework on In addition it : an interest, reward, ideal, or privilege in this kind of property

identified as also immovable property — different property : property of a partner that isn't Local community property or marital property Primarily : property acquired by a partner before marriage or independently through relationship (as by gift or frequently by inheritance) — tangible property : property that features a tangible and corporeal existence and intrinsic economic price as a consequence of it the insurance policy restricted property hurt protection to tangible property

These illustrations are programmatically compiled from various on the net resources to illustrate existing use of your term 'property.' Any viewpoints expressed in the examples don't symbolize People of Merriam-Webster or its editors. Ship us responses about these illustrations.

— marital property : property obtained by possibly wife or husband during the course of a relationship that is subject to division on divorce

see also asset, estate, desire sense 1, possession sense 1e — abandoned property : property to which the owner has relinquished all rights Be aware: When property is abandoned, the owner gives up the reasonable expectation of privacy concerning it. The finder of deserted property is entitled to maintain it, and also a law enforcement officer may possibly just take possession of deserted property as evidence without having violating the promise from unreasonable queries and seizures inside the Fourth Modification to your U.S. Constitution. — after-acquired property : property (as proceeds) that a debtor acquires after the commencement of the individual bankruptcy scenario and that is ordinarily thought of Component of the personal bankruptcy estate : property acquired after the perfection of the lien or protection curiosity especially : these types of property obtained following the creation of the lien or protection interest that may be subject matter towards the lien or results in being collateral for the security desire : property transferred on the estate of a decedent immediately after execution on the will — typical property : property owned or employed by more than one bash specially : property owned or leased by tenants in typical

possession 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 With this entry exclusively, inside the civil law of Louisiana : tracts of land with their ingredient areas — intangible property : property (as a stock certification or Specialist license) that derives value not from its intrinsic Actual physical character but from what it signifies — intellectual property

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

a : a quality or trait belonging and particularly peculiar to an individual or detail b : an result that an item has on One website more object or about the senses c : advantage feeling two d : an attribute widespread to all members of a class

a : a little something owned or possessed exclusively : a bit of real estate b : the distinctive right to have, enjoy, and get rid of a detail : ownership c : a little something to which someone or business includes a authorized title d : a person (such as a performer) who's underneath deal and whose perform is very beneficial e : a reserve or script bought for publication or generation

property implies a characteristic that belongs to your factor's vital mother nature and may be utilised to describe a kind or species.

see also QTIP trust at have confidence in Take note: Below federal tax legislation the property have to be A part of the gross estate from the surviving partner at his / her own Loss of life, wherever it is topic to taxation.