constructing excellence - An Overview

constructing excellence - An Overview

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typical property Neighborhood property mental property own property property problems property harm insurance plan property proper property tax public property

Look at tenancy in popular at tenancy — Neighborhood property : property held jointly by husband and spouse specifically : property especially from work acquired by possibly spouse right after relationship that is definitely deemed in states having a Group property program to belong to both spouses as undivided 1-50 percent passions

with the corporation : property belonging to a selected particular person — certified terminable curiosity property : property passing to a surviving husband or wife that qualifies for that marital deduction When the executor so elects furnishing the partner is entitled to get earnings in payments designed a minimum of annually for all times and that nobody has an influence to appoint any Portion of the property to any person aside from the surviving wife or husband

see also antenuptial arrangement Take note: For most states, on divorce marital property is divided In keeping with what the court establishes is equitable. — movable property : property (as individual property or crops) that could be moved — individual property : property (for a car) that is definitely movable but not like crops or other resources even now hooked up to land : property apart from real property a tax on the non-public property

— real property : property consisting of land, buildings, crops, or other assets however attached to or inside the land or enhancements or fixtures completely attached for the land or simply a construction on Furthermore, it : an interest, profit, correct, or privilege in these property

called also immovable property — individual property : property of the spouse that isn't Group property or marital property Particularly : property obtained by a wife or husband prior to relationship or separately throughout marriage (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 injury protection to tangible property

These illustrations are programmatically compiled from various on the internet resources For example present usage on the phrase 'property.' Any views expressed from the examples usually do not depict Those people of Merriam-Webster or its editors. Deliver us opinions about these illustrations.

— marital property : property acquired by either partner in the class of a marriage that is subject to division on divorce

see also asset, estate, curiosity feeling 1, possession feeling 1e — abandoned property : property to which the owner has relinquished all legal rights Take note: When property is deserted, the operator presents up the fair expectation of privacy regarding it. The finder of abandoned property is entitled to help keep it, in addition to a police officer might consider possession of abandoned property as evidence with out violating the click here assure from unreasonable lookups and seizures in the Fourth Amendment for the U.S. Constitution. — right after-acquired property : property (as proceeds) that a debtor acquires after the commencement of a bankruptcy case and that's ordinarily viewed as A part of the individual bankruptcy estate : property obtained following the perfection of a lien or security desire In particular : these types of property acquired after the generation of the lien or protection curiosity that is definitely matter for the lien or turns into collateral for the security desire : property transferred on the estate of the decedent immediately after execution on the will — widespread property : property owned or used by multiple get together specially : property owned or leased by tenants in frequent

ownership in indivision at possession Take note: The states possessing community property laws are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property During this entry specially, within the civil legislation of Louisiana : tracts of land with their element elements — intangible property : property (as being a inventory certificate or professional license) that derives price not from its intrinsic physical character but from what it represents — intellectual property

of not conducting heat character applies to a peculiar and distinctive high quality of a point or a class.

a : a top quality or trait belonging and especially peculiar to somebody or point b : an outcome that an item has on Yet another item or about the senses c : virtue perception 2 d : an attribute prevalent to all customers of a category

a : anything owned or possessed exclusively : a piece of real estate b : the distinctive proper to possess, love, and get rid of a thing : possession c : some thing to which anyone or company includes a lawful title d : one particular (such as a performer) that is under agreement and whose do the job is very useful e : a reserve or script acquired for publication or production

property indicates a characteristic that belongs into a point's critical character and could be employed to explain a type or species.

see also QTIP have faith in at have faith in Observe: Below federal tax legislation the property must be included in the gross estate with the surviving spouse at their personal death, where by it can be subject matter to taxation.