constructing excellence - An Overview

constructing excellence - An Overview

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frequent property community property mental property personal property property destruction property injury insurance policy property right property tax public property

compare tenancy in widespread at tenancy — Local community property : property held jointly by husband and spouse specially : property Particularly from work obtained by both wife or husband after marriage that is definitely deemed in states using a community property process to belong to the two spouses as undivided 1-50 % passions

of your corporation : property belonging to a selected individual — experienced terminable interest property : property passing into a surviving wife or husband that qualifies for your marital deduction Should the executor so elects offering which the partner is entitled to acquire earnings in payments designed a minimum of per year for all times Which nobody has an influence to appoint any part of the property to anyone in addition to the surviving husband or wife

see also antenuptial agreement Notice: For most states, upon divorce marital property is split Based on exactly what the court docket decides is equitable. — movable property : property (as particular property or crops) that may be moved — own property : property (as being a auto) that is movable although not which includes crops or other methods still attached to land : property aside from real property a tax on the non-public property

— real property : property consisting of land, properties, crops, or other resources however hooked up to or within the land or advancements or fixtures permanently connected into the land or maybe a composition on it also : an desire, benefit, proper, or privilege in these property

named also immovable property — individual property : property of a wife or husband that is not Neighborhood property or marital property Specifically : property obtained by a partner prior to marriage or individually in the course of relationship (as by reward or frequently 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 limited property damage coverage to tangible property

These examples are programmatically compiled from various online resources As an instance current utilization on the phrase 'property.' Any viewpoints expressed during the illustrations will not signify People of Merriam-Webster or its editors. Mail us feedback about these examples.

— marital property : property obtained by possibly wife or husband throughout the training course of the relationship that may be subject to division upon divorce

see also asset, estate, fascination perception 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 reasonable expectation of privacy regarding it. The finder of deserted property is entitled to maintain it, and also a law enforcement officer may consider possession of abandoned property as proof devoid of violating the warranty against unreasonable searches and seizures within the Fourth Amendment on the U.S. Structure. — immediately after-obtained property : property (as proceeds) that a debtor acquires once the commencement of a bankruptcy scenario and that is typically thought of Element of the personal bankruptcy estate : property acquired once the perfection of a lien or security interest In particular : these kinds of property acquired once the creation of the lien or safety desire which is issue on the lien or gets to be collateral for the safety fascination : property transferred towards the estate of the decedent immediately after execution in the will — common property : property owned or utilized by more than one party precisely : property owned or leased by tenants in prevalent

ownership in indivision at ownership Take note: The states obtaining community property guidelines are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property With this entry especially, within the civil regulation of Louisiana : tracts of land with their ingredient components — intangible property : property (as a inventory certificate or Expert license) that derives benefit not from its intrinsic Bodily nature but from what it signifies — intellectual property

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

a : a quality or trait belonging and particularly peculiar to a person or factor b : an influence that an object has on Yet another item or on the senses c : advantage sense two d : an attribute frequent to all users of a class

a : something owned or possessed especially : a piece of real estate b : the exceptional correct to have, get pleasure from, and dispose of a detail : possession c : something to which anyone or enterprise contains a authorized title d : one (like a performer) who is underneath agreement and whose do the job is particularly valuable e : a e-book or script procured for publication or manufacturing

property indicates a characteristic that belongs into a thing's vital nature and should be utilized to explain get more info a type or species.

see also QTIP rely on at believe in Note: Less than federal tax law the property needs to be included in the gross estate with the surviving spouse at her or his personal Demise, wherever it is topic to taxation.