constructing excellence - An Overview

constructing excellence - An Overview

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prevalent property Neighborhood property intellectual property individual property property destruction property hurt insurance policies property right property tax community property

Evaluate tenancy in popular at tenancy — Neighborhood property : property held jointly by husband and spouse especially : property Primarily from employment obtained by either husband or wife following marriage that is definitely considered in states getting a Group property program to belong to both of those spouses as undivided one particular-half interests

with the corporation : property belonging to a selected particular person — qualified terminable fascination property : property passing to a surviving husband or wife that qualifies for the marital deduction In the event the executor so elects providing the husband or wife is entitled to receive profits in payments made no less than yearly for all times and that no-one has an influence to appoint any Portion of the property to anyone apart from the surviving husband or wife

see also antenuptial agreement Notice: For most states, upon divorce marital property is split according to exactly what the court docket determines is equitable. — movable property : property (as particular property or crops) that can be moved — personalized property : property (being a car or truck) that is movable but not which include crops or other resources nevertheless connected to land : property aside from real property a tax on the non-public property

— real property : property consisting of land, structures, crops, or other methods nonetheless connected to or inside the land or enhancements or fixtures forever hooked up to the land or possibly a composition on In addition, it : an fascination, advantage, appropriate, or privilege in these property

called also immovable property — separate property : property of a partner that isn't Local community property or marital property Primarily : property obtained by a spouse ahead of relationship or individually for the duration of relationship (as by gift or usually by inheritance) — tangible property : property that features a tangible and corporeal existence and intrinsic financial worth as a consequence of it the insurance policy limited property harm protection to tangible property

These illustrations are programmatically compiled from various on the web resources As an instance present-day use on the phrase 'property.' Any thoughts expressed while in the illustrations will not depict These of Merriam-Webster or its editors. Deliver us suggestions about these examples.

— marital property : property acquired by either partner in the course of the course of the marriage that's matter to division on divorce

see also asset, estate, desire sense 1, possession feeling 1e — deserted property : property to which the operator has relinquished all legal rights Note: When property is abandoned, the owner provides up the acceptable expectation of privateness about it. The finder of deserted property is entitled to keep it, as well as a police officer may possibly choose possession of deserted property as evidence with out violating the ensure in opposition to unreasonable lookups and seizures during the Fourth Modification to the U.S. Constitution. — following-acquired property : property (as proceeds) that a debtor acquires following the commencement of the personal bankruptcy circumstance and that's ordinarily considered A part of the bankruptcy estate : property acquired following the perfection of a lien or protection fascination In particular : these property obtained once the generation of the lien or security interest that's topic on the lien or gets collateral for the safety fascination : property transferred to your estate of the decedent just after execution of your will — popular property : property owned or employed by multiple party specifically : property owned or leased by tenants in common

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 especially, inside the civil legislation of Louisiana : tracts of land with their element elements — intangible property : property (like a stock certificate or Specialist license) that derives price not from its intrinsic Bodily character but from what it represents — intellectual property

of not conducting heat character applies to a peculiar and unique high quality of a factor or a class.

a : a high quality or trait belonging and especially peculiar to an individual or thing b : an effect that an item has on A further item or over the senses c : advantage perception two d : an attribute widespread to all associates of a class

a : property one thing owned or possessed particularly : a piece of real estate b : the exclusive right to have, delight in, and eliminate a issue : ownership c : one thing to which an individual or company features a legal title d : one (for instance a performer) that's underneath agreement and whose perform is especially beneficial e : a book or script procured for publication or output

property indicates a attribute that belongs into a factor's essential mother nature and could be applied to describe a type or species.

see also QTIP believe in 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 Loss of life, where it is actually subject matter to taxation.