The asia property Diaries

The asia property Diaries

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typical property Local community property mental property private property property damage property problems insurance plan property proper property tax general public property

Assess tenancy in typical at tenancy — Local community property : property held jointly by partner and wife specially : property Particularly from work obtained by either husband or wife right after marriage that is considered in states using a community property process to belong to each spouses as undivided one particular-50 % interests

of your corporation : property belonging to a selected person — experienced terminable interest property : property passing into a surviving spouse that qualifies for the marital deduction If your executor so elects offering which the partner is entitled to obtain money in payments created at least per year for life and that not one person has a power to appoint any Portion of the property to anyone in addition to the surviving partner

see also antenuptial settlement Note: In many states, on divorce marital property is split In keeping with just what the courtroom decides is equitable. — movable property : property (as personal property or crops) that can be moved — personalized property : property (as a automobile) that is movable but not together with crops or other assets 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 nonetheless hooked up to or within the land or enhancements or fixtures forever hooked up for the land or maybe a structure on Furthermore, it : an desire, advantage, appropriate, or privilege in these types of property

referred to as also immovable property — individual property : property of the spouse that isn't Group property or marital property especially : property acquired by a husband or wife right before marriage or independently through relationship (as by gift or typically by inheritance) — tangible property : property that includes a tangible and corporeal existence and intrinsic financial value due to it the insurance plan plan restricted property injury protection to tangible property

These illustrations are programmatically compiled from various on the internet resources For example current usage in the phrase 'property.' Any views expressed from the illustrations do not signify These of Merriam-Webster or its editors. Ship us opinions about these illustrations.

— marital property : property obtained by possibly wife or husband in the course of a marriage that's topic to division upon divorce

see also asset, estate, curiosity feeling 1, possession sense 1e — abandoned property : property to which the owner has relinquished all rights Be aware: When property is abandoned, the proprietor provides up the realistic expectation of privateness relating to it. The finder of deserted property is entitled to help keep it, and also a law enforcement officer may well acquire possession of deserted property as proof devoid of violating the warranty versus unreasonable queries and seizures from the Fourth Modification on the U.S. Constitution. — soon after-obtained property : property (as proceeds) that a debtor acquires following the commencement of a bankruptcy situation and that is generally regarded as A part of the bankruptcy estate : property acquired once the perfection of the lien or protection fascination Specifically : these kinds of property acquired after the creation of the lien or protection fascination which is topic for the lien or gets to be collateral for the security interest : property transferred to the estate of the decedent immediately after execution on the will — frequent property : property owned or used by multiple occasion exclusively : property owned or leased by tenants in widespread

ownership in indivision at possession Observe: The states obtaining Local community property legal guidelines are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property Within this entry specifically, from the civil legislation of Louisiana : tracts of land with their element components — intangible property : property (as a inventory certificate or professional license) that derives benefit not from its intrinsic Bodily nature but from what it signifies — intellectual property

of not conducting heat character relates to a peculiar and unique quality of the issue or a class.

a : an excellent or trait belonging and particularly peculiar to a person or detail b : an influence that an object has on A further item or within the senses c : advantage feeling 2 d : an attribute popular to all customers of a category

a : anything owned or possessed particularly : a bit of real estate b : the distinctive correct to have, get pleasure from, and dispose of a matter : ownership c : a check here little something to which somebody or company contains a authorized title d : one (like a performer) who is underneath contract and whose get the job done is especially important e : a e-book or script purchased for publication or creation

property implies a attribute that belongs to a issue's important mother nature and may be applied to describe a kind or species.

see also QTIP trust at rely on Be aware: Underneath federal tax law the property need to be included in the gross estate on the surviving spouse at their have Loss of life, wherever it's matter to taxation.