The 2-Minute Rule for real estate agent

The 2-Minute Rule for real estate agent

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common property Neighborhood property intellectual property particular property property injury property damage insurance policy property proper property tax public property

Assess tenancy in common at tenancy — Group property : property held jointly by spouse and wife specially : property Particularly from work acquired by possibly partner just after marriage that is considered in states having a Local community property system to belong to equally spouses as undivided 1-50 percent interests

with the corporation : property belonging to a certain particular person — qualified terminable fascination property : property passing to a surviving husband or wife that qualifies for the marital deduction In case the executor so elects supplying the spouse is entitled to get money in payments manufactured at least every year for all times and that not a soul has a power to appoint any Component of the property to anyone besides the surviving spouse

see also antenuptial arrangement Observe: In most states, on divorce marital property is split In accordance with just what the court decides is equitable. — movable property : property (as personal property or crops) which can be moved — own property : property (like a automobile) that is definitely movable although not such as crops or other assets however attached to land : property aside from real property a tax on the personal property

— real property : property consisting of land, structures, crops, or other means even now hooked up to or inside the land or advancements or fixtures permanently connected to your land or a framework on In addition it : an interest, reward, ideal, or privilege in this kind of property

identified as also immovable property — separate property : property of a partner that isn't Neighborhood property or marital property Specially : property obtained by a spouse in advance of marriage or independently all through marriage (as by present or generally by inheritance) — tangible property : property that has a tangible and corporeal existence and intrinsic economic price thanks to it the insurance coverage coverage limited property damage coverage to tangible property

These illustrations are programmatically compiled from many on-line resources For example present utilization with the term 'property.' Any opinions expressed inside the illustrations will not represent Individuals of Merriam-Webster or its editors. Mail us responses about these illustrations.

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

see also asset, estate, curiosity feeling one, possession perception 1e — deserted property : property to which the owner has relinquished all rights Be aware: When property is abandoned, the operator presents up the fair expectation of privateness about it. The finder of deserted property is entitled to keep it, read more in addition to a law enforcement officer may possibly choose possession of abandoned property as evidence without having violating the ensure towards unreasonable searches and seizures from the Fourth Amendment towards the U.S. Constitution. — immediately after-obtained property : property (as proceeds) that a debtor acquires once the commencement of a individual bankruptcy scenario and that is ordinarily regarded Section of the personal bankruptcy estate : property obtained once the perfection of a lien or security curiosity especially : such property obtained after the development of the lien or safety interest that may be issue into the lien or becomes collateral for the safety fascination : property transferred for the estate of a decedent just after execution on the will — typical property : property owned or used by multiple party particularly : property owned or leased by tenants in popular

possession in indivision at ownership Note: The states owning Local community property regulations are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property During this entry exclusively, within the civil regulation of Louisiana : tracts of land with their element parts — intangible property : property (for a stock certification or professional license) that derives price not from its intrinsic physical mother nature but from what it represents — mental property

of not conducting heat character relates to a peculiar and unique quality of the thing or a category.

a : a high quality or trait belonging and particularly peculiar to a person or matter b : an impact that an item has on One more item or around the senses c : virtue perception 2 d : an attribute prevalent to all members of a category

a : some thing owned or possessed precisely : a bit of real estate b : the exclusive right to have, enjoy, and eliminate a factor : possession c : a little something to which anyone or business enterprise provides a legal title d : one particular (for instance a performer) who's less than deal and whose function is very beneficial e : a ebook or script purchased for publication or manufacturing

property implies a attribute that belongs to the matter's vital character and could be utilized to explain a sort or species.

see also QTIP believe in at belief Be aware: Beneath federal tax regulation the property should be included in the gross estate from the surviving spouse at his / her individual Loss of life, exactly where it's issue to taxation.