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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widespread property community property mental property private property property damage property problems insurance plan property correct property tax general public property
Review tenancy in common at tenancy — Local community property : property held jointly by husband and spouse especially : property especially from work acquired by both spouse immediately after marriage that may be deemed in states aquiring a Local community property system to belong to both equally spouses as undivided 1-50 % interests
from the Company : property belonging to a certain person — skilled terminable interest property : property passing to your surviving spouse that qualifies for that marital deduction When the executor so elects giving that the husband or wife is entitled to receive cash flow in payments made no less than annually for all times and that no person has an influence to appoint any Portion of the property to anyone apart from the surviving wife or husband
see also antenuptial agreement Observe: In most states, on divorce marital property is split In accordance with just what the court decides is equitable. — movable property : property (as individual property or crops) that could be moved — personal property : property (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 resources nevertheless hooked up to or within the land or enhancements or fixtures forever attached for the land or simply a structure on Furthermore, it : an interest, advantage, suitable, or privilege in such property
named also immovable property — different property : property of a partner that's not community property or marital property Specifically : property obtained by a spouse just before relationship or individually in the course of relationship (as by reward or frequently by inheritance) — tangible property : property which has a tangible and corporeal existence and intrinsic financial value as a result of it the insurance plan plan restricted property injury protection to tangible property
These illustrations are programmatically compiled from numerous on the internet resources For example present utilization with the term 'property.' Any opinions expressed inside the illustrations never signify Individuals of Merriam-Webster or its editors. Send out us feed-back about these examples.
— marital property : property acquired by both wife or husband during the training course of the relationship that may be subject to division upon divorce
see also asset, estate, curiosity feeling one, possession sense 1e — abandoned property : property to which the owner has relinquished all rights Observe: When property is deserted, the operator gives up the realistic expectation of privateness regarding it. The finder of deserted property is entitled to maintain it, in addition to a police officer could get possession of deserted property as proof without violating the assure towards unreasonable queries and seizures from the Fourth Modification into the U.S. Constitution. — following-acquired property : property (as proceeds) that a debtor acquires following the commencement of a personal bankruptcy scenario and that's ordinarily considered A part of the bankruptcy estate : property acquired following the perfection of the lien or protection desire Primarily : such property acquired after the development of a lien or protection fascination that is definitely issue into the lien or becomes collateral click here for the security interest : property transferred towards the estate of a decedent soon after execution on the will — prevalent property : property owned or employed by multiple bash precisely : property owned or leased by tenants in common
ownership in indivision at ownership Note: The states getting community property regulations are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property Within this entry particularly, inside the civil legislation of Louisiana : tracts of land with their element elements — intangible property : property (like a stock certificate or Experienced license) that derives benefit not from its intrinsic Actual physical mother 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 matter b : an influence that an item has on Yet another object or within the senses c : virtue sense 2 d : an attribute common to all members of a category
a : a little something owned or possessed precisely : a bit of real estate b : the special suitable to have, get pleasure from, and get rid of a point : ownership c : some thing to which a person or company features a authorized title d : a person (like 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 utilized to describe a sort or species.
see also QTIP rely on at rely on Notice: Below federal tax law the property must be A part of the gross estate with the surviving partner at their personal Dying, where by it can be matter to taxation.