The 2-Minute Rule for real estate agent

The 2-Minute Rule for real estate agent

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popular property Local community property mental property personalized property property injury property harm insurance policy property correct property tax general public property

Look at tenancy in widespread at tenancy — Neighborhood property : property held jointly by husband and spouse exclusively : property Specifically from work obtained by possibly husband or wife soon after marriage that may be considered in states possessing a Group property technique to belong to each spouses as undivided a person-50 percent interests

with the corporation : property belonging to a particular man or woman — competent terminable desire property : property passing to your surviving spouse that qualifies for that marital deduction In the event the executor so elects furnishing the spouse is entitled to get earnings in payments built at least every year for life Which no one has an influence to appoint any A part of the property to anyone other than the surviving husband or wife

see also antenuptial agreement Take note: In many states, on divorce marital property is divided In keeping with what the court docket determines is equitable. — movable property : property (as particular property or crops) that may be moved — own property : property (like a car or truck) that's movable although not such as crops or other methods nonetheless hooked up to land : property other than 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 forever attached to your land or perhaps a framework on it also : an curiosity, gain, right, or privilege in this sort of property

termed also immovable property — separate property : property of a wife or husband that is not Local community property or marital property Specially : property obtained by a spouse just before relationship or separately throughout marriage (as by present or frequently by inheritance) — tangible property : property that features a tangible and corporeal existence and intrinsic financial value as a result of it the insurance plan plan restricted property harm coverage to tangible property

These illustrations are programmatically compiled from several on line sources For instance recent use of your word 'property.' Any opinions expressed inside the illustrations will not represent These of Merriam-Webster or its editors. Ship us responses about these illustrations.

— marital property : property obtained by either partner through the study course of the relationship that is topic to division upon divorce

see also asset, estate, curiosity feeling 1, possession feeling 1e — deserted property : property to which the proprietor has relinquished all legal rights Observe: When property is deserted, the operator gives up the affordable expectation of privacy relating to it. The finder of deserted property is entitled to maintain it, in addition to a law enforcement officer may well just take possession of abandoned property as evidence without violating the assurance in opposition to unreasonable searches and seizures during the Fourth Modification for the U.S. Structure. — soon after-acquired property : property (as proceeds) that a debtor acquires once the commencement of the personal bankruptcy circumstance and that's commonly viewed as Section of the personal bankruptcy estate : property acquired once the perfection of a lien or stability fascination Specifically : this kind of property obtained following the generation of the lien or safety curiosity that may be subject to the lien or results in being collateral for the security interest : property transferred for the estate of the decedent right after execution of the will — prevalent property : property owned or utilized by multiple bash exclusively : property owned or leased by tenants in widespread

ownership in indivision at possession Be aware: The states having Group property regulations are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property With this entry particularly, during the civil legislation of Louisiana : tracts of land with their component parts — intangible property : property (like a stock certificate or Experienced license) that derives worth not from its intrinsic Actual physical nature but from what it represents — mental property

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

a : a top quality or trait belonging and particularly peculiar to an individual or point b : an effect that an item has on An additional item or over the senses c : virtue perception 2 d : an attribute prevalent to all associates of a category

a : some thing owned or possessed precisely : a piece of real estate b : the exceptional right to possess, love, and dispose of a factor : ownership c : something click here to which an individual or business enterprise includes a lawful title d : 1 (for instance a performer) who is beneath deal and whose perform is very beneficial e : a reserve or script obtained for publication or production

property indicates a characteristic that belongs to your point's essential character and could be utilized to explain a sort or species.

see also QTIP have faith in at trust Notice: Less than federal tax law the property need to be included in the gross estate in the surviving wife or husband at their have death, the place it is topic to taxation.