constructing excellence - An Overview

constructing excellence - An Overview

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typical property Local community property intellectual property own property property hurt property harm insurance property suitable property tax public property

Look at tenancy in frequent at tenancy — Group property : property held jointly by spouse and wife exclusively : property Particularly from work acquired by possibly partner just after marriage that is considered in states having a Local community property system to belong to equally spouses as undivided 1-50 percent passions

on the Company : property belonging to a certain human being — certified terminable curiosity property : property passing to your surviving wife or husband that qualifies for your marital deduction if the executor so elects delivering which the partner is entitled to obtain earnings in payments created at the least per year for all times Which no one has a power to appoint any Section of the property to anyone besides the surviving wife or husband

see also antenuptial agreement Notice: In the majority of states, on divorce marital property is divided In keeping with exactly what the court docket determines is equitable. — movable property : property (as particular property or crops) that can be moved — personalized property : property (to be a automobile) that is definitely movable but not like crops or other resources nevertheless hooked up to land : property other than real property a tax on the private property

— real property : property consisting of land, properties, crops, or other means nonetheless connected to or within the land or enhancements or fixtures permanently connected into the land or perhaps a framework on it also : an curiosity, gain, right, or privilege in this sort of property

identified as also immovable property — separate property : property of a husband or wife that's not Neighborhood property or marital property In particular : property obtained by a partner ahead of relationship or individually in the course of relationship (as by reward or often by inheritance) — tangible property : property which has a tangible and corporeal existence and intrinsic financial benefit due to it the insurance policies plan restricted property harm coverage to tangible property

These illustrations are programmatically compiled from various on-line sources As an instance current usage on the term 'property.' Any viewpoints expressed within the examples will not stand for those of Merriam-Webster or its editors. Deliver us opinions about these illustrations.

— marital property : property obtained by either partner during the program of a marriage that may be topic to division upon divorce

see also asset, estate, fascination perception one, possession sense 1e — abandoned property : property to which the owner has relinquished all rights Observe: When property is deserted, the operator gives up the acceptable expectation of privacy regarding it. The finder of deserted property is entitled to maintain it, in addition to a police officer might get possession of deserted property as proof without the need of violating the guarantee towards unreasonable searches and seizures inside the Fourth Modification to your U.S. Structure. — just after-obtained property : property (as proceeds) that a debtor acquires after the commencement of a bankruptcy situation and that is normally viewed as Element of the individual bankruptcy estate : property obtained after the perfection of a lien or security interest Specifically : this sort of property acquired following the development of the lien or protection desire that may be issue to the lien or becomes collateral for the security interest : property transferred towards the estate of a decedent just after execution of your will — common property here : property owned or used by more than one party particularly : property owned or leased by tenants in typical

ownership in indivision at ownership Note: The states getting community property regulations are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property Within this entry particularly, within the civil law of Louisiana : tracts of land with their element components — intangible property : property (as being a stock certificate or professional license) that derives value not from its intrinsic physical mother nature but from what it signifies — mental property

of not conducting warmth character relates to a peculiar and exclusive good quality of a point or a class.

a : a high quality or trait belonging and especially peculiar to an individual or factor b : an effect that an object has on another item or over the senses c : advantage feeling two d : an attribute frequent to all associates of a class

a : some thing owned or possessed specifically : a bit of real estate b : the special ideal to have, get pleasure from, and get rid of a point : ownership c : some thing to which an individual or business has a legal title d : a person (for instance a performer) that is beneath agreement and whose function is especially valuable e : a reserve or script ordered for publication or creation

property implies a characteristic that belongs to a detail's necessary character and will be utilized to describe a type or species.

see also QTIP trust at trust Take note: Underneath federal tax legislation the property has to be included in the gross estate of the surviving wife or husband at her or his very own death, where it is actually subject matter to taxation.