The 2-Minute Rule for real estate agent

The 2-Minute Rule for real estate agent

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typical property Local community property intellectual property individual property property destruction property injury insurance policies property suitable property tax community property

Assess tenancy in widespread at tenancy — Local community property : property held jointly by spouse and spouse especially : property Specifically from employment obtained by possibly partner right after marriage that's considered in states using a Local community property technique to belong to the two spouses as undivided 1-half pursuits

on the corporation : property belonging to a particular person — competent terminable curiosity property : property passing to a surviving wife or husband that qualifies for that marital deduction In the event the executor so elects offering that the husband or wife is entitled to obtain earnings in payments built not less than per year for all times and that not one person has a power to appoint any Element of the property to anyone apart from the surviving spouse

see also antenuptial settlement Notice: In most states, on divorce marital property is divided In keeping with exactly what the court docket decides is equitable. — movable property : property (as personal property or crops) that could be moved — private property : property (as being a auto) that is definitely movable but not including crops or other methods nonetheless hooked up to land : property apart from real property a tax on the personal property

— real property : property consisting of land, properties, crops, or other sources however attached to or throughout the land or enhancements or fixtures forever connected to the land or possibly a structure on What's more, it : an curiosity, gain, proper, or privilege in these property

known as also immovable property — individual property : property of a husband or wife that is not community property or marital property Primarily : property acquired by a partner before marriage or separately throughout relationship (as by gift or typically by inheritance) — tangible property : property that includes a tangible and corporeal existence and intrinsic economic benefit due to it the insurance plan policy restricted property damage coverage to tangible property

These examples are programmatically compiled from a variety of on the net resources For instance recent use of the phrase 'property.' Any views expressed during the examples tend not to characterize Those people of Merriam-Webster or its editors. Deliver us opinions about these illustrations.

— marital property : property acquired by either partner over the course of a relationship that may be subject to division upon divorce

see also asset, estate, fascination perception 1, possession sense 1e — abandoned property : property to which the proprietor has relinquished all legal rights Observe: When property is deserted, the owner presents up the fair expectation of privateness relating to it. The finder of deserted property is entitled to maintain it, along with a police officer could just take possession of deserted property as proof without violating the warranty against unreasonable searches and seizures within the Fourth Amendment for the U.S. Structure. — immediately after-obtained property : property (as proceeds) that a debtor acquires once the commencement of the individual bankruptcy circumstance and that is generally deemed Portion of the personal bankruptcy estate : property acquired after the perfection of a lien or stability desire Primarily : these types of property obtained following the development of a lien or safety curiosity that's topic for the lien or turns into collateral for the security curiosity : property transferred for the estate of a decedent right after execution in the will — frequent property : property owned or used by more than one party specifically : property owned or leased by tenants in popular

possession in indivision at possession Observe: The states obtaining Neighborhood property legal guidelines are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property On this entry especially, within the civil law of Louisiana : tracts of land with their part components — intangible property : property (for a stock certification or Expert license) that derives value not from its intrinsic physical mother nature but from what it signifies — intellectual property

of not conducting heat character applies to a peculiar and distinct excellent of the point or a class.

a : a quality or trait belonging and more info particularly peculiar to somebody or matter b : an result that an object has on A different item or around the senses c : advantage sense two d : an attribute typical to all customers of a category

a : a thing owned or possessed exclusively : a piece of real estate b : the exceptional correct to have, appreciate, and eliminate a issue : possession c : a thing to which an individual or organization features a lawful title d : a single (for instance a performer) who's underneath contract and whose do the job is particularly important e : a ebook or script bought for publication or output

property implies a attribute that belongs into a thing's vital nature and will be used to describe a sort or species.

see also QTIP have confidence in at belief Notice: Under federal tax legislation the property need to be included in the gross estate on the surviving spouse at their have death, wherever it's subject matter to taxation.