The 2-Minute Rule for real estate agent

The 2-Minute Rule for real estate agent

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typical property Group property intellectual property individual property property damage property damage insurance property suitable property tax public property

Look at tenancy in widespread at tenancy — community property : property held jointly by partner and wife specifically : property In particular from employment obtained by both partner following relationship that is certainly deemed in states using a community property process to belong to the two spouses as undivided a person-fifty percent pursuits

on the Company : property belonging to a particular individual — capable terminable curiosity property : property passing into a surviving wife or husband that qualifies with the marital deduction In case the executor so elects providing the spouse is entitled to get income in payments manufactured at least every year for life and that not a soul has a power to appoint any A part of the property to any person other than the surviving husband or wife

see also antenuptial agreement Observe: In many states, on divorce marital property is split In accordance with exactly what the court docket determines is equitable. — movable property : property (as personal property or crops) which can be moved — own property : property (for a car) that is definitely movable but not like crops or other resources nonetheless connected to land : property besides real property a tax on the personal property

— real property : property consisting of land, properties, crops, or other sources however attached to or inside the land or advancements or fixtures permanently connected into the land or a construction on Furthermore, it : an desire, benefit, correct, or privilege in these kinds of property

termed also immovable property — separate property : property of the wife or husband that's not Group property or marital property In particular : property obtained by a husband or wife in advance of marriage or independently through relationship (as by reward or often by inheritance) — tangible property : property which has a tangible and corporeal existence and intrinsic economic price on account of it the coverage policy restricted property harm coverage to tangible property

These examples are programmatically compiled from a variety of on the net sources to illustrate existing utilization with the term 'property.' Any viewpoints expressed during the illustrations will not stand for those of Merriam-Webster or its editors. Send us comments about these examples.

— marital property : property obtained by possibly wife or husband throughout the program of a marriage that is certainly subject matter to division on divorce

see also asset, estate, desire perception one, possession perception 1e — deserted property : property to which the proprietor has relinquished all rights Be aware: When property is abandoned, the owner presents up the reasonable expectation of privateness relating to it. The finder of abandoned property is entitled to keep it, along with a police officer may take possession of deserted property as proof without having violating the assure against unreasonable lookups and seizures from the Fourth Modification on the U.S. Constitution. — following-obtained property : property (as proceeds) that a debtor acquires following the here commencement of a individual bankruptcy scenario and that's commonly deemed A part of the bankruptcy estate : property obtained following the perfection of a lien or stability fascination Specifically : this kind of property acquired following the development of a lien or stability fascination that is definitely subject matter on the lien or turns into collateral for the security desire : property transferred on the estate of a decedent after execution of your will — prevalent property : property owned or utilized by more than one bash specially : property owned or leased by tenants in prevalent

ownership in indivision at ownership Take note: The states acquiring Local community property legal guidelines are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property in this entry precisely, from the civil legislation of Louisiana : tracts of land with their component sections — intangible property : property (like a stock certification or Skilled 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 point or a class.

a : an excellent or trait belonging and especially peculiar to an individual or detail b : an influence that an object has on A further object or over the senses c : virtue perception 2 d : an attribute typical to all users of a class

a : something owned or possessed specially : a piece of real estate b : the special appropriate to possess, get pleasure from, and dispose of a matter : ownership c : a little something to which somebody or enterprise contains a legal title d : just one (for instance a performer) who's underneath contract and whose perform is very valuable e : a e-book or script procured for publication or manufacturing

property indicates a attribute that belongs to a issue's essential character and could be utilized to explain a sort or species.

see also QTIP rely on at have faith in Notice: Below federal tax law the property must be A part of the gross estate with the surviving husband or wife at their personal death, where by it can be matter to taxation.