qualified property
The term 'qualified property' varies in meaning across different contexts, often involving conditions or criteria that must be met for special status or benefits.
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Definition
C1Tax Law
(technical, legal)Assets that meet specific tax regulations, making them eligible for benefits or deductions.
Example
- The company invested in qualified property to take advantage of tax deductions.
C1General Law
(legal)Ownership that is subject to conditions or limitations, affecting the owner's rights.
Example
- The bailee has qualified property rights over the goods during the bailment period.
C1Real Estate
(technical, legal)Real estate that meets specific criteria, such as zoning laws or loan qualifications.
Example
- The house is considered qualified property for an FHA loan.
C1Intellectual Property
(technical, legal)Intellectual property that meets statutory requirements for legal protection.
Example
- The invention was registered as qualified property under patent law.
Similar
Terms that have similar or relatively close meanings to "qualified property":
generic propertyprivate propertyproperty manlost propertycapital assetproperty lawhot property