The 2-Minute Rule for real estate agent

The 2-Minute Rule for real estate agent

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common property Local community property intellectual property own property property hurt property harm insurance coverage property ideal property tax community property

compare tenancy in prevalent at tenancy — Neighborhood property : property held jointly by partner and wife exclusively : property Particularly from work acquired by possibly partner following relationship that is considered in states possessing a Group property program to belong to both of those spouses as undivided a single-half passions

of the Company : property belonging to a particular man or woman — competent terminable desire property : property passing into a surviving wife or husband that qualifies to the marital deduction When the executor so elects giving that the husband or wife is entitled to receive cash flow in payments made no less than per year for life and that no-one has an influence to appoint any A part of the property to anyone other than the surviving husband or wife

see also antenuptial agreement Observe: In most states, on divorce marital property is divided In line with just what the court decides is equitable. — movable property : property (as personal property or crops) which can be moved — own property : property (like a auto) that may be movable but not which includes crops or other methods still attached to land : property besides real property a tax on the personal property

— real property : property consisting of land, properties, crops, or other sources even now attached to or in the land or advancements or fixtures permanently connected to the land or even a composition on Additionally, it : an curiosity, reward, suitable, or privilege in these types of property

called also immovable property — independent property : property of a partner that isn't Local community property or marital property In particular : property obtained by a partner just before relationship or individually throughout marriage (as by present or typically by inheritance) — tangible property : property that features a tangible and corporeal existence and intrinsic financial value as a result of it the insurance plan policy restricted property hurt protection to tangible property

These examples are programmatically compiled from different on the net resources For instance recent use from the phrase 'property.' Any viewpoints expressed within the examples usually do not symbolize People of Merriam-Webster or its editors. Send out us responses about these illustrations.

— marital property : property acquired by either partner during the training course of the relationship that may be topic to division upon divorce

see also asset, estate, fascination perception one, possession sense 1e — abandoned property : property to which the proprietor has relinquished all legal rights Take note: When property is abandoned, the owner provides up the realistic expectation of privateness about it. The finder of deserted property is entitled to help keep it, plus a law enforcement officer may consider possession of abandoned property as proof devoid of violating the assure against unreasonable lookups and seizures from the Fourth Modification to the U.S. Structure. — after-obtained property : property (as proceeds) that a debtor acquires following the commencement property of a bankruptcy scenario and that's ordinarily considered A part of the personal bankruptcy estate : property acquired following the perfection of the lien or protection interest Primarily : these types of property obtained once the creation of a lien or security curiosity which is matter on the lien or will become collateral for the safety desire : property transferred into the estate of the decedent just after execution of the will — typical property : property owned or used by more than one celebration especially : property owned or leased by tenants in frequent

ownership in indivision at ownership Notice: The states obtaining Local community property legislation are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property With this entry specially, from the civil regulation of Louisiana : tracts of land with their ingredient sections — intangible property : property (to be a inventory certification or Qualified license) that derives benefit not from its intrinsic Actual physical mother nature but from what it signifies — mental property

of not conducting warmth character applies to a peculiar and distinctive excellent of a detail or a class.

a : an excellent or trait belonging and particularly peculiar to someone or factor b : an outcome that an object has on another item or around the senses c : advantage 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 unique correct to possess, enjoy, and dispose of a thing : possession c : a little something to which anyone or business enterprise contains a lawful title d : just one (like a performer) who's below contract and whose work is especially important e : a e-book or script procured for publication or manufacturing

property implies a attribute that belongs to a point's necessary nature and will be applied to describe a kind or species.

see also QTIP belief at believe in Notice: Less than federal tax law the property has to be A part of the gross estate of the surviving partner at her or his own Loss of life, where by it's issue to taxation.