Definition of "Separable property"

Xiomara Leal real estate agent

Written by

Xiomara Lealelite badge icon

Sellstate Achievers Realty Network

Property wholly owned by one spouse, which was the spouse's before marriage or was received as a gift or an inheritance. This property legally belongs to that spouse and cannot be taken away in a debt action against the other spouse or for estate valuation.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Real Estate Terms

Average of income, retail revenue, and population of a locality as a percentage of the entire United States. It reflects the economic status of a particular region. ...

(1) Cash revenue from product sales or services rendered less cash expenses. It is different from accrual earnings. (2) The money available after deducting operating expenses and mortgage ...

Regular rental of property between the lessee and lessor for a fee. An operating lease does not satisfy the criteria for a capital lease. An example is renting an apartment. A lessee ...

Bank modifies the borrower's mortgage obligation, such as when the bank approves the homeowner's request for an extension of time to pay because of illness or loss of a job. One's ...

Nonload bearing layer of brick covering a wall of decorative purposes only. The wall is usually constructed of wood framing or masonry block. ...

Distribution of population over a given area of land. ...

Transfer of personal property via a will as a gift to the recipient. ...

Giving of a promise or guarantee to the receiver to instill confidence. ...

Wedge-shaped step found on a spiral staircase with a wider tread on its outside portion. ...

Popular Real Estate Questions