The 2-Minute Rule for real estate agent

The 2-Minute Rule for real estate agent

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frequent property Neighborhood property intellectual property personalized property property problems property problems insurance property right property tax general public property

compare tenancy in frequent at tenancy — Local community property : property held jointly by spouse and wife exclusively : property Particularly from employment obtained by either spouse soon after relationship that is definitely deemed in states possessing a Local community property method to belong to both equally spouses as undivided one-fifty percent pursuits

of the Company : property belonging to a particular particular person — certified terminable fascination property : property passing to the surviving spouse that qualifies for that marital deduction Should the executor so elects supplying the partner is entitled to obtain cash flow in payments designed at the very least per year for life and that not a soul has a power to appoint any Element of the property to any person in addition to the surviving partner

see also antenuptial settlement Note: In many states, upon divorce marital property is divided As outlined by what the courtroom establishes is equitable. — movable property : property (as personal property or crops) that could be moved — personal property : property (being a auto) that is certainly movable although not such as crops or other methods however hooked up to land : property besides real property a tax on the non-public property

— real property : property consisting of land, properties, crops, or other resources still attached to or inside the land or enhancements or fixtures completely hooked up towards the land or even a framework on it also : an interest, profit, right, or privilege in this kind of property

referred to as also immovable property — individual property : property of a partner that isn't Neighborhood property or marital property In particular : property obtained by a spouse prior to marriage or independently through relationship (as by reward or usually 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 destruction protection to tangible property

These illustrations are programmatically compiled from numerous on the internet sources As an example recent use of your term 'property.' Any viewpoints expressed in the examples don't signify Individuals of Merriam-Webster or its editors. Ship us comments about these examples.

— marital property : property acquired by either partner through the training course of a marriage that's topic to division upon divorce

see also asset, estate, interest sense one, possession perception 1e — deserted property : property to which the owner has relinquished all legal rights Observe: When property is deserted, the owner presents up the acceptable expectation of privateness regarding it. The finder of abandoned property is entitled to keep it, and a law enforcement officer may possibly just take possession of abandoned property as evidence without violating the warranty towards unreasonable queries and seizures while in the Fourth Amendment to the U.S. Structure. — soon after-acquired property : property (as proceeds) that a debtor acquires after the commencement of the personal bankruptcy situation and that is generally regarded as Section of the personal bankruptcy estate : property obtained once the perfection of the lien or stability interest Particularly : this sort of property acquired following the development of the lien or protection desire that may be subject to the lien or gets to be collateral for the security curiosity : property transferred for the estate of the decedent soon after execution with the will — frequent property : property owned or utilized by multiple social gathering specially : property owned or leased by tenants in prevalent

possession in indivision at possession Take note: The states owning Group property laws are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property in this entry particularly, within the civil law of Louisiana : tracts of land with their component elements — intangible property : property (like a stock certificate or Skilled license) that derives worth not from its intrinsic Bodily nature but from what it represents — intellectual property

of not conducting heat character applies to a peculiar and distinctive quality of check here a thing or a category.

a : a top quality or trait belonging and especially peculiar to someone or matter b : an influence that an item has on A different item or about the senses c : advantage feeling 2 d : an attribute frequent to all associates of a class

a : some thing owned or possessed specifically : a piece of real estate b : the exclusive right to have, love, and eliminate a matter : possession c : anything to which someone or enterprise includes a legal title d : 1 (such as a performer) who is less than deal and whose operate is particularly useful e : a e-book or script bought for publication or output

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

see also QTIP have confidence in at believe in Note: Under federal tax regulation the property have to be included in the gross estate in the surviving spouse at his or her have Demise, the place it really is topic to taxation.