New Step by Step Map For real estate agent

New Step by Step Map For real estate agent

Blog Article

typical property Local community property intellectual property own property property problems property injury insurance coverage property ideal property tax community property

Evaluate tenancy in popular at tenancy — Neighborhood property : property held jointly by partner and wife especially : property Particularly from employment obtained by either husband or wife right after relationship that's considered in states possessing a Group property program to belong to both of those spouses as undivided just one-fifty percent pursuits

in the corporation : property belonging to a certain person — certified terminable desire property : property passing to some surviving wife or husband that qualifies for your marital deduction Should the executor so elects offering which the partner is entitled to acquire earnings in payments designed a minimum of on a yearly basis for life and that no person has an influence to appoint any A part of the property to any person in addition to the surviving partner

see also antenuptial agreement Notice: For most states, upon divorce marital property is divided In accordance with just what the court decides is equitable. — movable property : property (as personal property or crops) which can be moved — individual property : property (for a car) that may be movable but not which include crops or other sources however attached to land : property besides real property a tax on the personal property

— real property : property consisting of land, structures, crops, or other means nevertheless hooked up to or inside the land or advancements or fixtures permanently attached to your land or a structure on In addition, it : an desire, benefit, appropriate, or privilege in these kinds of property

termed also immovable property — independent property : property of the spouse that isn't Group property or marital property Particularly : property acquired by a husband or wife before marriage or independently all through relationship (as by gift or typically by inheritance) — tangible property : property that features a tangible and corporeal existence and intrinsic financial price due to it the insurance policies plan limited property harm protection to tangible property

These illustrations are programmatically compiled from several on-line sources to illustrate existing utilization of your term 'property.' Any viewpoints expressed within the examples usually do not characterize those of Merriam-Webster or its editors. Deliver us responses about these illustrations.

— marital property : property acquired by either wife or husband throughout the training course of the check here relationship that is certainly subject matter to division on divorce

see also asset, estate, interest sense 1, possession feeling 1e — deserted property : property to which the operator has relinquished all rights Note: When property is abandoned, the owner gives up the reasonable expectation of privateness regarding it. The finder of deserted property is entitled to maintain it, and a police officer may well acquire possession of deserted property as evidence without violating the guarantee towards unreasonable searches and seizures inside the Fourth Modification on the U.S. Structure. — soon after-obtained property : property (as proceeds) that a debtor acquires once the commencement of the personal bankruptcy situation and that's normally deemed Element of the personal bankruptcy estate : property acquired once the perfection of the lien or security interest Primarily : these types of property acquired after the creation of a lien or safety desire that is definitely matter for the lien or gets to be collateral for the safety fascination : property transferred towards the estate of a decedent soon after execution with the will — prevalent property : property owned or employed by more than one party specially : property owned or leased by tenants in widespread

possession in indivision at possession Note: The states getting Neighborhood property legal guidelines are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property In this particular entry especially, in the civil legislation of Louisiana : tracts of land with their component sections — intangible property : property (to be a inventory certification or Qualified license) that derives benefit not from its intrinsic Actual physical mother nature but from what it signifies — mental property

of not conducting heat character relates to a peculiar and distinctive excellent of a point or a class.

a : a top quality or trait belonging and especially peculiar to a person or point b : an impact that an object has on An additional object or around the senses c : virtue perception 2 d : an attribute prevalent to all members of a class

a : a little something owned or possessed particularly : a bit of real estate b : the special proper to have, take pleasure in, and eliminate a thing : possession c : something to which someone or business enterprise includes a authorized title d : one (like a performer) that's below agreement and whose do the job is especially precious e : a guide or script acquired for publication or production

property implies a attribute that belongs into a matter's important character and could be employed to explain a type or species.

see also QTIP believe in at believe in Note: Less than federal tax regulation the property need to be included in the gross estate in the surviving husband or wife at his or her very own Loss of life, where it is actually issue to taxation.