The 2-Minute Rule for real estate agent

typical property community property intellectual property personal property property damage property damage insurance coverage property right property tax community property

Evaluate tenancy in typical at tenancy — Group property : property held jointly by spouse and wife especially : property Primarily from employment obtained by both spouse just after marriage that may be deemed in states possessing a community property method to belong to both of those spouses as undivided 1-50 % passions

from the Company : property belonging to a particular individual — capable terminable curiosity property : property passing to the surviving partner that qualifies for the marital deduction In the event the executor so elects providing which the spouse is entitled to acquire revenue in payments made no less than each year for all times and that not one person has a power to appoint any Section of the property to anyone apart from the surviving husband or wife

see also antenuptial agreement Notice: For most states, upon divorce marital property is split In keeping with what the courtroom decides is equitable. — movable property : property (as personalized property or crops) that could be moved — own property : property (to be a automobile) that may be movable but not like crops or other means nevertheless hooked up to land : property apart from real property a tax on the private property

— real property : property consisting of land, properties, crops, or other sources however attached to or inside the land or enhancements or fixtures completely hooked up into the land or possibly a structure on Furthermore, it : an fascination, reward, suitable, or privilege in these property

called also immovable property — separate property : property of a partner that's not community property or marital property Specifically : property acquired by a wife or husband just before relationship or independently all through marriage (as by present or typically by inheritance) — tangible property : property that includes a tangible and corporeal existence and intrinsic financial value as a result of it the insurance policies coverage limited property problems coverage to tangible property

These examples are programmatically compiled from a variety of on the net resources For example present-day use of your phrase 'property.' Any thoughts expressed while in the examples don't signify People of Merriam-Webster or its editors. Deliver us suggestions about these illustrations.

— marital property : property obtained by possibly wife or husband in the study course of a marriage that's topic to division upon divorce

see also asset, estate, desire perception one, possession feeling 1e — abandoned property : property to which the owner has relinquished all legal rights Observe: When property is abandoned, the operator offers up read more the sensible expectation of privacy relating to it. The finder of deserted property is entitled to help keep it, along with a law enforcement officer may well acquire possession of deserted property as evidence without the need of violating the assurance towards unreasonable searches and seizures in the Fourth Modification on the U.S. Constitution. — following-acquired property : property (as proceeds) that a debtor acquires after the commencement of the personal bankruptcy scenario and that is typically regarded as Element of the individual bankruptcy estate : property obtained after the perfection of the lien or protection curiosity especially : such property obtained after the creation of the lien or safety interest that may be subject matter for the lien or becomes collateral for the safety interest : property transferred into the estate of a decedent following execution with the will — widespread property : property owned or used by multiple get together specifically : property owned or leased by tenants in popular

possession in indivision at ownership Observe: The states getting Local community property regulations are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property With this entry particularly, during the civil legislation of Louisiana : tracts of land with their component pieces — intangible property : property (being a inventory certificate or Expert license) that derives price not from its intrinsic Actual physical character but from what it represents — intellectual property

of not conducting heat character relates to a peculiar and unique quality of the point or a category.

a : an outstanding or trait belonging and especially peculiar to someone or factor b : an outcome that an object has on A further object or over the senses c : advantage sense two d : an attribute common to all customers of a category

a : anything owned or possessed specifically : a piece of real estate b : the exclusive appropriate to have, appreciate, and get rid of a thing : possession c : something to which somebody or company incorporates a lawful title d : a single (like a performer) that's under agreement and whose do the job is especially precious e : a book or script acquired for publication or production

property implies a attribute that belongs to the point's necessary nature and should be made use of to describe a kind or species.

see also QTIP trust at have confidence in Observe: Underneath federal tax regulation the property should be A part of the gross estate with the surviving spouse at their possess Demise, where it's matter to taxation.

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