- estate property
USAproperty of the estate, Also known as estate property.All tangible and intangible assets owned by a debtor at the commencement of a bankruptcy proceeding including intellectual property rights, tax attributes, stock options and causes of action. It excludes abandoned property, exempt property, property acquired by the debtor postpetition, spendthrift trusts, ERISA qualified retirement plans and 401(k) plans.A debtor-in-possession or trustee may use, sell or lease property of the estate in the ordinary course of business, but any such action other than in the ordinary course of business requires court approval after notice to creditors and other interested parties. Only property of the estate may be used to pay creditors' claims.
Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.
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estate — es‧tate [ɪˈsteɪt] noun [countable] 1. PROPERTY a large piece of land in the country, usually with one large house on it and one owner: • The estate consists of the main villa, several outbuildings and barns, a swimming pool, a farm house and an… … Financial and business terms
property of the estate — All legal and equitable interests of the debtor in property as of the petition date (SA Bankruptcy.com) The property that is not exempt and belongs to the bankruptcy estate. Property of the estate is usually sold by the trustee and the claims of… … Glossary of Bankruptcy
property of the estate — USA property of the estate, Also known as estate property. All tangible and intangible assets owned by a debtor at the commencement of a bankruptcy proceeding including intellectual property rights, tax attributes, stock options and causes of… … Law dictionary
property — prop‧er‧ty [ˈprɒpəti ǁ ˈprɑːpər ] noun properties PLURALFORM 1. [uncountable] LAW all the things that someone owns: • Some of the stolen property was found in Mason s house. • The President supports a tax cut on profits from sales of property… … Financial and business terms
Property — (Roget s Thesaurus) < N PARAG:Property >N GRP: N 1 Sgm: N 1 property property possession suum cuique meum et tuum GRP: N 2 Sgm: N 2 ownership ownership proprietorship lordship Sgm: N 2 seignority seignority … English dictionary for students
Property derivatives — General DefinitionA property derivative is a financial derivative whose value is derived from the value of an underlying real estate asset. In practice, because real estate assets fall victim to market inefficiencies and are hard to accurately… … Wikipedia
property — propertyless, n. /prop euhr tee/, n., pl. properties. 1. that which a person owns; the possession or possessions of a particular owner: They lost all their property in the fire. 2. goods, land, etc., considered as possessions: The corporation is… … Universalium
Property manager — A property manager is a person or firm charged with operating a real estate property for a fee, when the owner is unable to personally attend to such details, or is not interested in doing so. Typical jobs include finding/evicting and generally… … Wikipedia
Property Management — The administration of residential, commercial and/or industrial real estate. Property management typically involves the managing of property that is owned by another party or entity. The property manager acts on behalf of the owner to preserve… … Investment dictionary
Property Manager — An individual or company responsible for the day to day functioning of a piece of real estate. Property owners typically hire property managers when they are unwilling or unable to manage the properties themselves, perhaps because they live out… … Investment dictionary