constructing excellence - An Overview

typical property community property intellectual property individual property property harm property harm insurance policy property correct property tax public property

Evaluate tenancy in typical at tenancy — community property : property held jointly by partner and spouse specially : property In particular from work acquired by either spouse after relationship that may be considered in states getting a Neighborhood property method to belong to both spouses as undivided one-50 % passions

in the corporation : property belonging to a selected man or woman — certified terminable interest property : property passing to the surviving husband or wife that qualifies to the marital deduction When the executor so elects providing which the partner is entitled to receive money in payments manufactured no less than each year for life Which no-one has a power to appoint any Component of the property to any person other than the surviving wife or husband

see also antenuptial arrangement Note: For most states, upon divorce marital property is split As outlined by exactly what the court docket determines is equitable. — movable property : property (as own property or crops) which can be moved — individual property : property (for a automobile) that's movable but not which include crops or other sources still connected to land : property other than real property a tax on the private property

— real property : property consisting of land, buildings, crops, or other means nevertheless hooked up to or inside the land or advancements or fixtures permanently hooked up towards the land or maybe a construction on What's more, it : an interest, gain, correct, or privilege in these property

known as also immovable property — individual property : property of a husband or wife that's not Neighborhood property or marital property In particular : property obtained by a spouse ahead of relationship or independently throughout marriage (as by present or normally by inheritance) — tangible property : property which has a tangible and corporeal existence and intrinsic financial benefit as a result of it the insurance plan policy restricted property problems protection to tangible property

These examples are programmatically compiled from a variety of on line sources For instance latest usage in the phrase 'property.' Any viewpoints expressed in the examples will not stand for These of Merriam-Webster or its editors. Ship us responses about these illustrations.

— marital property : property acquired by both husband or wife over the course of a marriage which is subject matter to division on divorce

see also asset, estate, desire sense 1, possession sense 1e — abandoned property : property to which the proprietor has relinquished all legal rights Observe: When property is deserted, the operator gives up the affordable expectation of privateness about it. The finder of deserted property is entitled to help keep it, in addition to a police officer might consider possession of abandoned property as evidence with no violating the promise from unreasonable lookups and seizures during the Fourth Modification into the U.S. Structure. — after-acquired property : property (as proceeds) that a debtor acquires after the commencement of a bankruptcy case and that is usually considered part of the bankruptcy estate : property acquired once the perfection of the lien or stability fascination In particular : these property acquired after the creation of the lien or stability fascination that is definitely subject matter on the lien or gets collateral for the security curiosity : property transferred towards the estate of a decedent after execution of the will — popular property : property owned or employed by multiple social gathering especially : property owned or leased by tenants in prevalent

possession in indivision at possession Notice: The states possessing community property laws are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property During this entry specially, from the civil legislation of Louisiana : tracts of land with their ingredient areas — intangible property : property (like a inventory certification or Skilled license) that derives value not from its intrinsic Actual physical mother nature but from what it signifies — mental property

of not conducting warmth character applies to a peculiar and distinctive high-quality of the issue or a class.

a : an excellent or trait belonging and particularly peculiar to someone or point b : an effect that an item has on Yet another object or to the senses c : virtue sense two click here d : an attribute frequent to all members of a category

a : one thing owned or possessed particularly : a bit of real estate b : the distinctive right to have, take pleasure in, and eliminate a issue : ownership c : anything to which an individual or business enterprise incorporates a legal title d : just one (like a performer) that's beneath deal and whose operate is especially precious e : a guide or script procured for publication or manufacturing

property indicates a characteristic that belongs to the point's critical character and could be employed to explain a type or species.

see also QTIP rely on at believe in Observe: Under federal tax regulation the property should be A part of the gross estate from the surviving husband or wife at his or her very own Dying, in which it is actually topic to taxation.

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