How real estate agent can Save You Time, Stress, and Money.
How real estate agent can Save You Time, Stress, and Money.
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common property Local community property mental property personalized property property harm property destruction insurance plan property appropriate property tax general public property
Assess tenancy in common at tenancy — Local community property : property held jointly by husband and spouse exclusively : property Particularly from work acquired by both wife or husband just after marriage that's considered in states possessing a community property technique to belong to both spouses as undivided just one-fifty percent pursuits
on the Company : property belonging to a particular man or woman — competent terminable interest property : property passing into a surviving spouse that qualifies for that marital deduction When the executor so elects giving that the husband or wife is entitled to receive profits in payments produced no less than yearly for all times Which no one has a power to appoint any Component of the property to anyone in addition to the surviving partner
see also antenuptial settlement Notice: For most states, upon divorce marital property is split As outlined by just what the court determines is equitable. — movable property : property (as personal property or crops) which can be moved — own property : property (as being a auto) which is movable although not such as crops or other methods still connected to land : property besides real property a tax on the personal property
— real property : property consisting of land, structures, crops, or other sources nevertheless connected to or in the land or advancements or fixtures permanently hooked up to your land or possibly a composition on Furthermore, it : an desire, advantage, suitable, or privilege in this kind of property
called also immovable property — independent property : property of a spouse that isn't Local community property or marital property In particular : property obtained by a wife or husband just before marriage or individually throughout marriage (as by present or generally by inheritance) — tangible property : property that includes a tangible and corporeal existence and intrinsic financial benefit due to it the insurance policy restricted property injury protection to tangible property
These illustrations are programmatically compiled from several on the internet resources As an instance latest use of your term 'property.' Any thoughts expressed while in the illustrations do not signify These of Merriam-Webster or its editors. Deliver us suggestions about these illustrations.
— marital property : property obtained by possibly husband or wife over the class of the relationship that is certainly subject matter to division upon divorce
see also asset, estate, fascination perception 1, possession sense 1e — abandoned property : property to which the proprietor has relinquished all legal rights Take note: When property is abandoned, the owner provides up the realistic expectation of privateness about it. The finder of abandoned property is entitled to keep it, as well as a law enforcement officer may perhaps take possession of abandoned property as evidence with no violating the assurance versus unreasonable searches and seizures within the Fourth Amendment on the U.S. Structure. — just after-obtained property : property (as proceeds) that a debtor acquires after the commencement of a bankruptcy situation and that is normally viewed as Element of the bankruptcy estate : property obtained once the perfection of the lien or security interest Particularly : this sort of property acquired following the development of the lien or protection fascination that may be issue more info on the lien or results in being collateral for the safety interest : property transferred to the estate of a decedent following execution from the will — frequent property : property owned or utilized by more than one social gathering exclusively : property owned or leased by tenants in prevalent
possession in indivision at possession Take note: The states owning Group property guidelines are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property in this entry specifically, in the civil law of Louisiana : tracts of land with their component parts — intangible property : property (as being a stock certificate or professional license) that derives value not from its intrinsic physical nature but from what it signifies — mental property
of not conducting warmth character relates to a peculiar and distinct excellent of the matter or a category.
a : an outstanding or trait belonging and particularly peculiar to someone or point b : an result that an object has on Yet another object or around the senses c : virtue sense 2 d : an attribute common to all members of a class
a : something owned or possessed particularly : a piece of real estate b : the special ideal to possess, enjoy, and get rid of a thing : possession c : some thing to which somebody or small business features a lawful title d : 1 (like a performer) who is beneath deal and whose do the job is especially useful e : a guide or script bought for publication or production
property implies a attribute that belongs to a issue's necessary mother nature and should be employed to describe a kind or species.
see also QTIP belief at believe in Observe: Under federal tax law the property have to be A part of the gross estate from the surviving partner at his / her own Demise, where by it is matter to taxation.