New Step by Step Map For real estate agent

New Step by Step Map For real estate agent

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common property Local community property intellectual property personal property property problems property damage insurance property ideal property tax community property

Examine tenancy in common at tenancy — Local community property : property held jointly by husband and wife particularly : property especially from work obtained by both spouse just after relationship that's considered in states having a Neighborhood property procedure to belong to each spouses as undivided just one-half interests

with the corporation : property belonging to a certain individual — capable terminable curiosity property : property passing into a surviving spouse that qualifies to the marital deduction When the executor so elects giving that the husband or wife is entitled to receive profits in payments created at least every year for all times and that not a soul has a power to appoint any Portion of the property to anyone in addition to the surviving partner

see also antenuptial settlement Notice: In most states, upon divorce marital property is divided In keeping with what the courtroom determines is equitable. — movable property : property (as personalized property or crops) which might be moved — private property : property (to be a car) that is definitely movable but not which includes crops or other methods still connected to land : property in addition to real property a tax on the non-public property

— real property : property consisting of land, structures, crops, or other means nevertheless hooked up to or within the land or enhancements or fixtures completely hooked up to the land or even a composition on Additionally, it : an fascination, advantage, appropriate, or privilege in these types of property

called also immovable property — independent property : property of a husband or wife that's not Local community property or marital property especially : property obtained by a wife or husband before marriage or independently through marriage (as by gift or usually by inheritance) — tangible property : property which has a tangible and corporeal existence and intrinsic economic price because of it the insurance policy coverage limited property problems protection to tangible property

These illustrations are programmatically compiled from many on the net resources As an instance present-day use on the phrase 'property.' Any thoughts expressed within the examples don't symbolize Individuals of Merriam-Webster or its editors. Send out us comments about these examples.

— marital property : property acquired by either spouse through the system of the relationship that is certainly subject matter to division on divorce

see also asset, estate, fascination perception one, possession perception 1e — deserted property : property to which the operator has relinquished all legal rights Observe: When property is deserted, the proprietor provides up the fair expectation of privacy regarding it. The finder of abandoned property is entitled to help keep it, as well as a police officer could just take possession of abandoned property as evidence without having violating the ensure against unreasonable searches 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 bankruptcy estate : property obtained following the perfection of a lien or security desire Primarily : such property acquired after the development of a lien or security desire that is definitely matter for the lien or gets to be collateral for the safety fascination : property transferred to your estate of the decedent just after execution of your will — common property : property owned or used by more than one social gathering especially : property owned or leased by tenants in common

possession in indivision at possession Be aware: The states owning community property laws are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property Within this entry particularly, inside the civil law of Louisiana : tracts of land with their element elements — intangible property : property (for a stock certification or Expert license) that derives benefit not from its intrinsic Bodily mother nature but from what it signifies — intellectual property

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

a : a top quality or trait belonging and especially peculiar to somebody or factor b : an outcome that an object has on another item or around the senses c : advantage sense 2 d : an attribute common to all members of a class

a : 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 an individual or business enterprise includes a lawful title d : one (for instance website a performer) that's less than deal and whose operate is particularly useful e : a e-book or script ordered for publication or manufacturing

property indicates a characteristic that belongs into a thing's crucial mother nature and should be used to explain a sort or species.

see also QTIP have faith in at have confidence in Be aware: Under federal tax regulation the property need to be A part of the gross estate on the surviving wife or husband at their individual death, the place it is actually topic to taxation.