identified as also immovable property — independent property : property of a wife or husband that isn't community property or marital property In particular : property acquired by a husband or wife just before marriage or independently during relationship (as by gift or generally by inheritance) — tangible property : property which has a tangible and corporeal existence and intrinsic financial worth due to it the coverage coverage restricted property hurt coverage to tangible property
see also asset, estate, fascination sense 1, possession sense 1e — deserted property : property to which the owner has relinquished all rights Take note: When property is abandoned, the operator provides up the acceptable expectation of privacy regarding it. The finder of deserted property is entitled to keep it, and also a police officer may perhaps just take possession of abandoned property as proof without violating the promise against unreasonable lookups and seizures in the Fourth Amendment to your U.S. Constitution. — soon after-acquired property : property (as proceeds) that a debtor acquires after the commencement of a bankruptcy scenario and that is typically viewed as part of the personal bankruptcy estate : property obtained after the perfection of a lien or protection interest Specially : these types of property acquired once the creation of a lien or protection desire that's issue towards the lien or will become collateral for the security curiosity : property transferred to your estate of the decedent right after execution on the will — popular property : property owned or used by more than one celebration exclusively : property owned or leased by tenants in prevalent
of not conducting warmth character applies to a peculiar and unique excellent of the thing or a class.
a : a high quality or trait belonging and particularly peculiar to somebody or thing b : an impact that an object has on An additional object or to the senses c : advantage perception two d : an attribute common to all members of a category
— marital property : property obtained by either partner over the class of a marriage that's topic to division upon divorce
a : anything owned or possessed exclusively : a bit of real estate b : the special right to possess, appreciate, and dispose of a point : ownership c : one thing to which someone or small business provides a lawful title d : just one (for instance a performer) who's beneath agreement and whose get the job done is very important e : a book or script purchased for publication or production
popular property Group property mental property own property property destruction property problems coverage property ideal property tax general public property
possession in indivision at possession Observe: The states obtaining Local community property rules are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property In this particular entry exclusively, while in the civil legislation of Louisiana : tracts of land with their element elements — intangible property : property (like a stock certificate or professional license) that derives benefit not from its intrinsic Actual physical character but from what it represents — intellectual property
These illustrations are programmatically compiled from a variety of on-line sources For example present-day use on the phrase 'property.' Any opinions expressed in the illustrations will not depict Individuals of Merriam-Webster or its editors. Deliver us suggestions about these illustrations.
see also QTIP rely on at rely on Notice: Below federal tax regulation the property need to be A part of the gross estate in the surviving spouse at his / her individual Demise, in which it's subject to taxation.
with the corporation : property belonging to a particular person — capable terminable fascination property : property passing to some surviving spouse that qualifies for that marital deduction In the click here event the executor so elects providing that the wife or husband is entitled to get earnings in payments designed at the least annually for life and that no one has a power to appoint any part of the property to any person other than the surviving wife or husband
property indicates a attribute that belongs into a thing's necessary nature and should be applied to explain a sort or species.
compare tenancy in frequent at tenancy — community property : property held jointly by partner and wife specially : property especially from employment obtained by possibly wife or husband immediately after relationship that is definitely considered in states getting a Neighborhood property method to belong to both spouses as undivided one-50 % pursuits
see also antenuptial settlement Observe: In the majority of states, upon divorce marital property is divided according to what the court docket determines is equitable. — movable property : property (as personalized property or crops) which might be moved — private property : property (for a car or truck) that is definitely movable although not which includes crops or other sources still attached to land : property in addition to real property a tax on the private property
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