The 2-Minute Rule for real estate agent

The 2-Minute Rule for real estate agent

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prevalent property Neighborhood property intellectual property particular property property injury property damage coverage property appropriate property tax public property

Look at tenancy in widespread at tenancy — Local community property : property held jointly by husband and spouse exclusively : property especially from work acquired by possibly spouse just after marriage that is considered in states having a Local community property method to belong to both of those spouses as undivided a single-50 % passions

of the corporation : property belonging to a selected particular person — qualified terminable fascination property : property passing to a surviving husband or wife that qualifies for your marital deduction If your executor so elects supplying which the spouse is entitled to get income in payments manufactured not less than yearly for all times and that not one person has a power to appoint any Component of the property to any person aside from the surviving wife or husband

see also antenuptial arrangement Take note: In many states, on divorce marital property is divided Based on just what the court decides is equitable. — movable property : property (as personal property or crops) which can be moved — own property : property (like a car or truck) that's movable although not including crops or other assets continue to attached to land : property besides real property a tax on the personal property

— real property : property consisting of land, structures, crops, or other means nonetheless hooked up to or within the land or enhancements or fixtures completely attached for the land or maybe a structure on Furthermore, it : an desire, advantage, appropriate, or privilege in these types of property

referred to as also immovable property — individual property : property of a partner that's not community property or marital property Specifically : property obtained by a wife or husband right before relationship or individually through marriage (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 coverage coverage limited property damage protection to tangible property

These examples are programmatically compiled from different on the net sources For instance recent use of the word 'property.' Any views expressed from the examples don't depict All those of Merriam-Webster or its editors. Send us comments about these illustrations.

— marital property : property obtained by either partner in the course of the class of a marriage which is subject matter to division on divorce

see also asset, estate, interest feeling 1, possession feeling 1e — deserted property : property to which the owner has relinquished all rights Be aware: When property is deserted, the operator presents up the affordable expectation of privacy relating to it. The finder of deserted property is entitled to maintain it, in addition to a police officer might just take possession of deserted property as proof without the need of violating the assure in opposition to unreasonable queries and seizures from the Fourth Modification to the U.S. Constitution. — after-obtained property : property (as proceeds) that a debtor acquires once the commencement of the personal bankruptcy scenario and that's ordinarily considered A part of the personal bankruptcy estate : property acquired following the perfection of the lien or protection fascination In particular : these types of property acquired after the creation of a lien or security curiosity which is matter on the lien or will become collateral for the safety desire : property transferred to the estate of a decedent after execution from the will — typical property : property owned or used by more than one get together exclusively : property owned or leased by tenants in widespread

possession in indivision at possession Observe: The states acquiring Group property legislation are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property During this entry precisely, in the civil law of Louisiana : tracts of land with their component parts — intangible property : property (as being a stock certificate or professional license) that derives value not from its intrinsic physical nature but from what it represents — intellectual property

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

a : an excellent or trait belonging and particularly peculiar to somebody or detail b : an outcome that an item has on A different item or to the senses c : advantage feeling 2 d : an attribute popular to all users of a category

a : a thing owned or possessed specially : a bit get more info of real estate b : the distinctive appropriate to possess, take pleasure in, and dispose of a factor : ownership c : something to which a person or business contains a lawful title d : just one (for instance a performer) that is beneath agreement and whose perform is especially beneficial e : a book or script purchased for publication or output

property indicates a attribute that belongs into a point's important nature and could be made use of to explain a kind or species.

see also QTIP have confidence in at believe in Note: Less than federal tax regulation the property need to be included in the gross estate from the surviving spouse at his / her individual Demise, in which it's subject to taxation.