The 2-Minute Rule for real estate agent

The 2-Minute Rule for real estate agent

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widespread property Local community property intellectual property private property property harm property harm insurance policy property proper property tax general public property

Look at tenancy in widespread at tenancy — Local community property : property held jointly by spouse and wife especially : property Particularly from work obtained by both spouse after relationship that is certainly deemed in states having a community property system to belong to both of those spouses as undivided just one-50 percent pursuits

with the corporation : property belonging to a selected man or woman — competent terminable curiosity property : property passing to some surviving wife or husband that qualifies for that marital deduction In the event the executor so elects giving the partner is entitled to receive profits in payments created a minimum of on a yearly basis for life Which no person has a power to appoint any Component of the property to any person in addition to the surviving partner

see also antenuptial agreement Take note: In the majority of states, upon divorce marital property is split Based on exactly what the court decides is equitable. — movable property : property (as individual property or crops) that may be moved — own property : property (like a vehicle) that is certainly movable although not which includes crops or other resources however attached to land : property besides real property a tax on the personal property

— real property : property consisting of land, properties, crops, or other resources even now hooked up to or inside the land or advancements or fixtures permanently connected into the land or even a composition on Furthermore, it : an interest, reward, right, or privilege in this sort of property

termed also immovable property — independent property : property of the wife or husband that's not community property or marital property Specifically : property obtained by a spouse just before relationship or separately in the course of relationship (as by gift or typically by inheritance) — tangible property : property that includes a tangible and corporeal existence and intrinsic economic worth as a consequence of it the insurance policy restricted property problems protection to tangible property

These examples are programmatically compiled from different on the web resources For instance latest usage from the phrase 'property.' Any views expressed during the illustrations do not represent Individuals of Merriam-Webster or its editors. Send out us feed-back about these illustrations.

— marital property : property acquired by either here partner over the course of a marriage that is certainly issue to division on divorce

see also asset, estate, desire sense 1, possession sense 1e — abandoned property : property to which the owner has relinquished all rights Be aware: When property is abandoned, the owner provides up the sensible expectation of privateness about it. The finder of abandoned property is entitled to keep it, along with a police officer could get possession of abandoned property as evidence without having violating the warranty against unreasonable lookups and seizures during the Fourth Modification into the U.S. Structure. — just after-obtained property : property (as proceeds) that a debtor acquires once the commencement of the individual bankruptcy circumstance and that's normally regarded Section of the personal bankruptcy estate : property acquired after the perfection of a lien or stability desire In particular : these property obtained following the creation of the lien or protection fascination that is definitely subject matter to your lien or gets collateral for the security interest : property transferred to the estate of the decedent soon after execution in the will — popular property : property owned or employed by more than one celebration specifically : property owned or leased by tenants in popular

possession in indivision at ownership Note: The states owning Group property guidelines are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property With this entry specially, while in the civil law of Louisiana : tracts of land with their component parts — intangible property : property (for a stock certificate or Qualified license) that derives worth not from its intrinsic physical character but from what it represents — mental property

of not conducting warmth character applies to a peculiar and distinct top quality of a thing or a category.

a : a top quality or trait belonging and especially peculiar to somebody or point b : an effect that an item has on Yet another object or about the senses c : virtue feeling two d : an attribute widespread to all members of a category

a : one thing owned or possessed specifically : a bit of real estate b : the exclusive suitable to possess, love, and get rid of a factor : possession c : one thing to which anyone or organization has a authorized title d : one (like a performer) that's beneath deal and whose perform is very beneficial e : a e book or script bought for publication or generation

property implies a characteristic that belongs to the factor's vital mother nature and should be used to explain a sort or species.

see also QTIP have faith in at belief Be aware: Underneath federal tax law the property have to be A part of the gross estate of the surviving husband or wife at his / her personal Demise, wherever it is actually topic to taxation.