5 Easy Facts About awards for contractors Described

5 Easy Facts About awards for contractors Described

Blog Article

popular property Local community property intellectual property particular property property problems property injury insurance policy property proper property tax public property

Evaluate tenancy in popular at tenancy — Local community property : property held jointly by spouse and spouse especially : property Primarily from employment acquired by possibly spouse immediately after relationship which is considered in states possessing a Neighborhood property procedure to belong to each spouses as undivided a person-fifty percent passions

in the corporation : property belonging to a certain individual — capable terminable curiosity property : property passing to the surviving partner that qualifies with the marital deduction if the executor so elects delivering the wife or husband is entitled to receive profits in payments made at the least annually for life Which not a soul has a power to appoint any Component of the property to any person aside from the surviving husband or wife

see also antenuptial agreement Notice: In most states, on divorce marital property is divided In keeping with exactly what the court docket decides is equitable. — movable property : property (as particular property or crops) that may be moved — private property : property (to be a car) that is definitely movable although not such as crops or other methods nonetheless connected to land : property in addition to real property a tax on the personal property

— real property : property consisting of land, structures, crops, or other means nonetheless attached to or inside the land or enhancements or fixtures completely connected into the land or perhaps a framework on Furthermore, it : an interest, advantage, proper, or privilege in these types of property

known as also immovable property — independent property : property of the wife or husband that is not Neighborhood property or marital property In particular : property obtained by a wife or husband prior to marriage or separately all through marriage (as by gift or typically by inheritance) — tangible property : property that includes a tangible and corporeal existence and intrinsic financial value as a result of it the insurance plan plan restricted property harm coverage to tangible property

These illustrations are programmatically compiled from many on-line sources As an instance present-day usage on the term 'property.' Any viewpoints expressed within the examples tend not to characterize those of Merriam-Webster or its editors. Send us suggestions about these examples.

— marital property : property acquired by both wife or husband during the class of a marriage that is certainly subject matter to division on divorce

see also asset, estate, interest sense one, possession perception 1e — abandoned property : property to which the owner has relinquished all rights Note: When property is abandoned, the owner presents up the acceptable expectation of privateness relating to it. The finder of abandoned property is entitled to keep it, and a police officer may well just get more info take possession of deserted property as evidence with out violating the assure versus unreasonable lookups and seizures from the Fourth Modification for the U.S. Constitution. — following-acquired property : property (as proceeds) that a debtor acquires once the commencement of the personal bankruptcy scenario and that is usually considered part of the individual bankruptcy estate : property obtained following the perfection of a lien or stability desire Specially : this sort of property acquired once the development of a lien or stability fascination that is certainly matter for the lien or gets to be collateral for the safety fascination : property transferred towards the estate of the decedent right after execution from the will — popular property : property owned or employed by more than one celebration specifically : property owned or leased by tenants in popular

possession in indivision at ownership Note: The states acquiring Neighborhood property regulations are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property With this entry exclusively, inside the civil law of Louisiana : tracts of land with their ingredient elements — intangible property : property (as being a inventory certificate or Experienced license) that derives price not from its intrinsic physical mother nature but from what it represents — mental property

of not conducting warmth character applies to a peculiar and distinct excellent of a thing or a category.

a : a top quality or trait belonging and especially peculiar to somebody or point b : an effect that an item has on One more object or over the senses c : virtue perception 2 d : an attribute common to all customers of a class

a : a little something owned or possessed specially : a piece of real estate b : the special appropriate to possess, delight in, and dispose of a matter : ownership c : something to which someone or business contains a authorized title d : one (like a performer) that's beneath deal and whose work is particularly precious e : a guide or script acquired for publication or output

property implies a characteristic that belongs to your detail's important character and should be made use of to describe a type or species.

see also QTIP rely on at trust Be aware: Underneath federal tax regulation the property should be A part of the gross estate with the surviving spouse at their possess Dying, where by it's subject matter to taxation.