The 2-Minute Rule for real estate agent

The 2-Minute Rule for real estate agent

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common property Group property mental property individual property property damage property injury insurance coverage property ideal property tax public property

Review tenancy in typical at tenancy — Local community property : property held jointly by husband and spouse particularly : property especially from work acquired by both spouse immediately after marriage that is considered in states having a community property procedure to belong to the two spouses as undivided one-50 percent interests

on the corporation : property belonging to a certain person — experienced terminable interest property : property passing to your surviving husband or wife that qualifies for the marital deduction In case the executor so elects furnishing the partner is entitled to acquire earnings in payments built at the very least annually for life Which no person has an influence to appoint any A part of the property to any person in addition to the surviving husband or wife

see also antenuptial agreement Observe: In most states, upon divorce marital property is split As outlined by what the court docket determines is equitable. — movable property : property (as personalized property or crops) that can be moved — particular property : property (as being a motor vehicle) that is movable but not which include crops or other sources even now hooked up to land : property apart from real property a tax on the personal property

— real property : property consisting of land, structures, crops, or other means nonetheless attached to or within the land or improvements or fixtures permanently hooked up into the land or perhaps a construction on Furthermore, it : an desire, reward, ideal, or privilege in this kind of property

termed also immovable property — independent property : property of the husband or wife that's not community property or marital property Specially : property obtained by a spouse just before relationship or separately throughout relationship (as by reward or often by inheritance) — tangible property : property which has a tangible and corporeal existence and intrinsic financial benefit due to it the insurance policies plan restricted property harm protection to tangible property

These illustrations are programmatically compiled from various on the internet resources For example current usage on the term 'property.' Any opinions expressed inside the illustrations do not signify These of Merriam-Webster or its editors. Deliver us comments about these examples.

— marital property : property acquired by either spouse throughout the program of a relationship which is subject to division on divorce

see also asset, estate, desire perception one, possession perception 1e — abandoned property : property to which the owner has relinquished all rights Note: When property is deserted, the operator offers up the sensible expectation of privacy relating to it. The finder of abandoned property is entitled to keep it, and also a police officer might take possession of deserted property as evidence without having violating the assure versus unreasonable queries and seizures in the Fourth Modification to your U.S. Structure. — right after-acquired property : property (as proceeds) that a debtor acquires once the commencement of the personal bankruptcy case and that's typically regarded as part of the individual bankruptcy check here estate : property acquired after the perfection of the lien or safety interest Primarily : these kinds of property acquired following the generation of the lien or safety desire that is certainly matter towards the lien or becomes collateral for the safety curiosity : property transferred towards the estate of the decedent soon after execution on the will — typical property : property owned or utilized by more than one occasion especially : property owned or leased by tenants in typical

possession in indivision at possession Notice: The states getting Neighborhood property regulations are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property Within this entry specifically, during the civil regulation of Louisiana : tracts of land with their part elements — intangible property : property (as a inventory certification or Specialist license) that derives value not from its intrinsic Bodily nature but from what it signifies — intellectual property

of not conducting warmth character applies to a peculiar and distinct good quality of a matter or a class.

a : an excellent or trait belonging and especially peculiar to someone or thing b : an result that an item has on One more object or to the senses c : advantage feeling two d : an attribute widespread to all users of a class

a : a little something owned or possessed exclusively : a piece of real estate b : the distinctive right to have, appreciate, and eliminate a factor : possession c : one thing to which somebody or enterprise contains a authorized title d : a person (like a performer) that's below agreement and whose operate is particularly useful e : a guide or script acquired for publication or production

property indicates a attribute that belongs to some matter's essential character and will be used to describe a sort or species.

see also QTIP trust at have confidence in Observe: Less than federal tax law the property have to be included in the gross estate in the surviving husband or wife at his or her possess Dying, where it really is issue to taxation.