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 personalized property property harm property problems insurance property suitable property tax public property

Review tenancy in typical at tenancy — Local community property : property held jointly by husband and wife specially : property Specifically from work acquired by possibly partner right after relationship that is certainly deemed in states using a Neighborhood property procedure to belong to equally spouses as undivided one-50 percent interests

with the corporation : property belonging to a certain man or woman — qualified terminable fascination property : property passing into a surviving husband or wife that qualifies with the marital deduction In the event the executor so elects delivering that the partner is entitled to get profits in payments produced at the least annually for all times and that no-one has an influence to appoint any Portion of the property to anyone apart from the surviving husband or wife

see also antenuptial arrangement Observe: In most states, upon divorce marital property is split according to exactly what the courtroom determines is equitable. — movable property : property (as individual property or crops) which might be moved — private property : property (as a motor vehicle) that is movable but not together with crops or other sources however attached to land : property aside from real property a tax on the non-public property

— real property : property consisting of land, structures, crops, or other means nonetheless connected to or throughout the land or improvements or fixtures completely hooked up for the land or maybe a structure on Furthermore, it : an desire, advantage, appropriate, or privilege in such property

named also immovable property — different property : property of the spouse that isn't Neighborhood property or marital property Specially : property obtained by a partner ahead of relationship or individually for the duration of relationship (as by gift or usually by inheritance) — tangible property : property that includes a tangible and corporeal existence and intrinsic economic price because of it the insurance policy coverage limited property damage coverage to tangible property

These illustrations are programmatically compiled from many on-line resources For example current utilization on the term 'property.' Any opinions expressed within the illustrations will not represent Individuals of Merriam-Webster or its editors. Ship us feed-back about these examples.

— marital property : property acquired by both husband or wife during the program of a relationship that is definitely subject to division upon divorce

see also asset, estate, curiosity feeling one, possession perception 1e — abandoned property : property to which the owner has relinquished all rights Notice: 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 could just take possession of deserted property as proof with out violating the ensure in opposition to unreasonable lookups and seizures in the Fourth Amendment for the U.S. Constitution. — soon after-obtained property : property (as proceeds) that a debtor acquires once the commencement of a bankruptcy situation and that is normally regarded Component of the individual bankruptcy estate : property acquired after the perfection of a lien or safety curiosity Specially : these kinds of property obtained once the generation of the lien or security interest that's topic for the lien or turns into collateral for the security fascination : property transferred on the estate of the decedent immediately after execution of your will — popular property : property owned or employed by multiple party specifically : property owned or leased by tenants in typical

ownership in indivision at ownership Note: The states getting Neighborhood property legal guidelines are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property On this entry exclusively, while in the civil legislation of Louisiana : tracts of land with their part areas — intangible property : property (for a inventory certification or Specialist license) that derives price not from its intrinsic Bodily nature but from what it represents — mental property

of not conducting warmth character relates to a peculiar and distinct high-quality of the detail or a category.

a : an excellent or trait belonging and read more particularly peculiar to somebody or matter b : an outcome that an item has on A different item or to the senses c : advantage feeling 2 d : an attribute frequent to all associates of a class

a : some thing owned or possessed particularly : a piece of real estate b : the exclusive right to have, love, and eliminate a matter : possession c : one thing to which someone or enterprise features a legal title d : one (for instance a performer) that's less than agreement and whose operate is particularly useful e : a e-book or script bought for publication or manufacturing

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

see also QTIP belief at rely on Observe: Beneath federal tax legislation the property should be included in the gross estate of your surviving husband or wife at her or his very own death, where it is actually subject matter to taxation.