The 2-Minute Rule for real estate agent

The 2-Minute Rule for real estate agent

Blog Article

common property Neighborhood property intellectual property particular property property injury property damage insurance property suitable property tax public property

compare tenancy in prevalent at tenancy — Neighborhood property : property held jointly by spouse and wife specially : property Specifically from employment obtained by either wife or husband immediately after marriage that may be deemed in states having a Local community property method to belong to the two spouses as undivided a person-50 percent pursuits

with the corporation : property belonging to a selected human being — competent terminable interest property : property passing into a surviving husband or wife that qualifies to the marital deduction if the executor so elects delivering which the partner is entitled to acquire revenue in payments produced no less than each year for life Which nobody has a power to appoint any part of the property to any person other than the surviving husband or wife

see also antenuptial agreement Notice: For most states, on divorce marital property is split In keeping with what the courtroom establishes is equitable. — movable property : property (as individual property or crops) that can be moved — private property : property (being a automobile) that may be movable but not like crops or other means even now hooked up to land : property aside from real property a tax on the private property

— real property : property consisting of land, properties, crops, or other sources even now connected to or within the land or enhancements or fixtures forever attached to your land or perhaps a framework on it also : an curiosity, gain, correct, or privilege in these kinds of property

called also immovable property — independent property : property of the spouse that isn't Group property or marital property Specially : property obtained by a spouse ahead of relationship or independently during marriage (as by reward or often by inheritance) — tangible property : property which has a tangible and corporeal existence and intrinsic financial benefit due to it the insurance policies plan restricted property injury protection to tangible property

These illustrations are programmatically compiled from different on the web resources For instance existing use of your word 'property.' Any thoughts expressed from the illustrations do not symbolize People of Merriam-Webster or its editors. Mail us suggestions about these examples.

— marital property : property obtained by possibly spouse throughout the training course of the relationship that is topic to division upon divorce

see also asset, estate, fascination perception one, possession sense 1e — abandoned property : property to which the proprietor has relinquished all legal rights Notice: When property is deserted, the operator offers up the acceptable expectation of privacy regarding it. The finder of abandoned property is entitled to help keep it, in addition to a police officer might get possession of deserted property as evidence with out violating the promise from unreasonable searches and seizures within the Fourth Amendment to the U.S. Constitution. — just after-obtained property : property (as property proceeds) that a debtor acquires once the commencement of a personal bankruptcy situation and that's commonly thought of part of the personal bankruptcy estate : property acquired after the perfection of the lien or protection curiosity especially : this kind of property acquired following the development of a lien or security desire that may be subject matter for the lien or gets to be collateral for the security fascination : property transferred on the estate of the decedent immediately after execution from the will — common property : property owned or employed by multiple get together particularly : property owned or leased by tenants in widespread

possession in indivision at possession Observe: The states acquiring Local community property legislation are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property During this entry precisely, during the civil regulation of Louisiana : tracts of land with their ingredient parts — intangible property : property (as a stock certification or Experienced license) that derives benefit not from its intrinsic Actual physical mother nature but from what it represents — mental property

of not conducting heat character relates to a peculiar and exclusive top quality of the thing or a class.

a : a quality or trait belonging and especially peculiar to someone or factor b : an effect that an object has on An additional item or on the senses c : virtue perception two d : an attribute popular to all associates of a category

a : some thing owned or possessed specially : a bit of real estate b : the exceptional appropriate to possess, delight in, and dispose of a matter : ownership c : a little something to which somebody or company contains a authorized title d : a person (like a performer) who's beneath contract and whose function is particularly important e : a e-book or script purchased for publication or creation

property indicates a characteristic that belongs into a point's crucial character and could be utilized to explain a sort or species.

see also QTIP have faith in at belief Notice: Below federal tax law the property must be A part of the gross estate in the surviving husband or wife at his or her possess Dying, exactly where it truly is subject matter to taxation.