Indicators on constructing excellence You Should Know

popular property Local community property intellectual property personal property property destruction property hurt insurance policy property correct property tax general public property

Assess tenancy in common at tenancy — community property : property held jointly by partner and wife precisely : property Specially from employment obtained by either wife or husband right after relationship that is certainly deemed in states using a community property procedure to belong to the two spouses as undivided a single-50 % interests

in the Company : property belonging to a specific human being — experienced terminable interest property : property passing to your surviving spouse that qualifies for that marital deduction In case the executor so elects providing the spouse is entitled to acquire earnings in payments produced no less than on a yearly basis for life Which no one has a power to appoint any Portion of the property to anyone other than the surviving spouse

see also antenuptial settlement Note: In the majority of states, on divorce marital property is split Based on what the courtroom decides is equitable. — movable property : property (as personal property or crops) which can be moved — own property : property (as a automobile) which is movable although not which includes crops or other means even now hooked up to land : property other than real property a tax on the personal property

— real property : property consisting of land, properties, crops, or other means nonetheless attached to or inside the land or advancements or fixtures forever attached into the land or a structure on In addition it : an interest, advantage, proper, or privilege in this sort of property

named also immovable property — different property : property of the spouse that is not Neighborhood property or marital property Specially : property obtained by a partner right before marriage or independently all through marriage (as by gift or usually by inheritance) — tangible property : property that includes a tangible and corporeal existence and intrinsic economic worth on account of it the coverage policy limited property destruction coverage to tangible property

These illustrations are programmatically compiled from different on the web sources For instance recent utilization from the word 'property.' Any opinions expressed from the examples never stand for Those people of Merriam-Webster or its editors. Mail us responses about these examples.

— marital property : property acquired by possibly wife or husband over the study course of a relationship that is definitely subject matter to division upon divorce

see also asset, estate, fascination sense 1, possession perception 1e — deserted property : property to which the proprietor has relinquished all legal rights Notice: When property is deserted, the proprietor gives up the reasonable expectation of privateness about it. The finder of deserted property is entitled to keep it, along with a police officer may possibly get possession of deserted property as proof without the need of violating the assurance versus unreasonable queries and seizures while in the Fourth Amendment towards the U.S. Constitution. — after-obtained property : property (as proceeds) that a debtor acquires once the commencement of a personal bankruptcy circumstance and that's normally regarded Portion of the personal bankruptcy estate : property acquired after the perfection of the lien or protection interest Particularly : such property obtained following the creation of a lien or stability fascination that's topic to your lien or gets to be collateral for the safety interest : property america property transferred towards the estate of a decedent just after execution on the will — typical property : property owned or used by multiple party specially : property owned or leased by tenants in popular

possession in indivision at possession Note: The states having community property regulations are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property Within this entry especially, inside the civil legislation of Louisiana : tracts of land with their element elements — intangible property : property (like a stock certificate or Skilled license) that derives worth not from its intrinsic physical nature but from what it represents — intellectual property

of not conducting heat character applies to a peculiar and distinctive quality of a thing or a class.

a : an excellent or trait belonging and particularly peculiar to somebody or detail b : an outcome that an item has on A different item or about the senses c : advantage feeling 2 d : an attribute typical to all members of a class

a : something owned or possessed specifically : a bit of real estate b : the exceptional suitable to have, get pleasure from, and get rid of a point : ownership c : one thing to which a person or enterprise contains a legal title d : one particular (for instance a performer) who is beneath contract and whose operate is especially worthwhile e : a reserve or script ordered for publication or generation

property indicates a characteristic that belongs to some thing's critical nature and may be made use of to describe a sort or species.

see also QTIP believe in at rely on Note: Less than federal tax regulation the property have to be included in the gross estate from the surviving spouse at his / her individual Demise, in which it's subject to taxation.

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