The 2-Minute Rule for real estate agent

The 2-Minute Rule for real estate agent

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common property Local community property intellectual property individual property property damage property hurt insurance coverage property right property tax community property

Examine tenancy in popular at tenancy — Local community property : property held jointly by spouse and spouse exclusively : property Particularly from work acquired by both spouse immediately after marriage that is certainly considered in states getting a Group property process to belong to both spouses as undivided one particular-half passions

in the Company : property belonging to a specific individual — qualified terminable fascination property : property passing into a surviving spouse that qualifies with the marital deduction In the event the executor so elects supplying the spouse is entitled to get income in payments designed at the very least on a yearly basis for life Which no-one has an influence to appoint any Portion of the property to anyone apart from the surviving husband or wife

see also antenuptial agreement Note: In many states, on divorce marital property is divided In line with just what the courtroom determines is equitable. — movable property : property (as own property or crops) that can be moved — own property : property (like a car) that may be movable but not like crops or other resources nevertheless attached to land : property besides real property a tax on the personal property

— real property : property consisting of land, properties, crops, or other methods nonetheless hooked up to or inside the land or advancements or fixtures completely hooked up for the land or a framework on In addition it : an curiosity, profit, correct, or privilege in these kinds of property

termed also immovable property — different property : property of a partner that is not Local community property or marital property Primarily : property acquired by a partner just before marriage or independently for the duration of relationship (as by present or typically by inheritance) — tangible property : property that features a tangible and corporeal existence and intrinsic economic price as a consequence of it the insurance policy limited property destruction coverage to tangible property

These examples are programmatically compiled from a variety of on the net resources For instance latest usage on the term 'property.' Any opinions expressed while in the examples will not represent People of Merriam-Webster or its editors. Mail us suggestions about these examples.

— marital property : property acquired by either spouse over the course of a relationship that is definitely issue to division upon divorce

see also asset, estate, curiosity feeling one, possession perception 1e — abandoned property : property to which the owner has relinquished all legal rights Observe: When property is deserted, the owner gives up the sensible expectation of privateness about it. The finder of deserted property is entitled to keep it, along with a police officer may possibly acquire possession of abandoned property as evidence without having violating the promise from unreasonable lookups and seizures during the Fourth Amendment towards the U.S. Constitution. — soon after-obtained property : property (as proceeds) that a debtor acquires once the commencement of the bankruptcy case and that is typically regarded Component of the individual bankruptcy estate : property obtained after the perfection of a lien or safety curiosity Specially : these property obtained once the creation of a lien or security interest which is matter on the lien or will become collateral for the safety desire : property transferred into the estate of a decedent following execution from the will — frequent property : property owned or utilized by more than one get together exclusively : property owned or leased by tenants in widespread

possession in indivision at possession Observe: The states acquiring Local community property legislation are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New click here Mexico, and Wisconsin. — immovable property : real property During this entry precisely, in the civil law of Louisiana : tracts of land with their ingredient parts — intangible property : property (as a stock certification or Experienced license) that derives benefit not from its intrinsic Actual physical nature but from what it signifies — mental property

of not conducting heat character relates to a peculiar and distinctive high-quality of a matter or a category.

a : an excellent or trait belonging and particularly peculiar to a person or detail b : an influence that an object has on A different object or about the senses c : virtue perception 2 d : an attribute common to all customers of a class

a : a little something owned or possessed exclusively : a bit of real estate b : the exceptional appropriate to have, take pleasure in, and get rid of a point : possession c : anything to which a person or business enterprise incorporates a legal title d : just one (for instance a performer) that's less than deal and whose do the job is very precious e : a ebook or script obtained for publication or manufacturing

property implies a characteristic that belongs to the detail's necessary character and will be employed to describe a type or species.

see also QTIP belief at belief Observe: Beneath federal tax legislation the property should be included in the gross estate of your surviving husband or wife at her or his very own Loss of life, the place it is actually topic to taxation.