Household Assets Definition | Law Insider (2024)

  • The Properties means and refer to all such existing properties, and additions thereto, as are subject to this Declaration or any Supplemental Declaration under the provisions of Article II, hereof.

  • Operating Assets means all merchandise inventories, furniture, fixtures and equipment (including all transportation and warehousing equipment but excluding office equipment and data processing equipment) owned or leased pursuant to Capital Leases by the Company or a Restricted Subsidiary.

  • Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Households means one or more natural persons or a family who pays 30 percent of their household income toward their monthly rent and is determined by Grantee to be eligible for rental assistance under this Agreement.

  • the Property means the Property more particularly described in Condition 2 of the Conditions of Sale (as defined in 1.6 below);

  • Household goods means personal effects and property used or to be used in a dwelling when a part of the equipment or supply of that dwelling. Household goods do not include property moving from a factory or store, unless the property was purchased by the householder with intent to use the property in his or her dwelling, the property is transported at the request of the householder, and the householder pays the carrier's transportation charges either directly or indirectly.

  • Leased Assets shall have the meaning ascribed thereto in Section 3.6.

  • Permitted Assets means any and all properties or assets that are used or useful in a Permitted Business (including Capital Stock in a Person that is a Restricted Subsidiary and Capital Stock in a Person whose primary business is a Permitted Business that shall become a Restricted Subsidiary immediately upon the acquisition of such Capital Stock by the Issuer or by a Restricted Subsidiary, but excluding any other securities).

  • Receiving property means a lot or parcel within which

  • Real Estate Business means homebuilding, housing construction, real estate development or construction and related real estate activities, including the provision of mortgage financing or title insurance.

  • Cemetery means 1 or a combination of more than 1 of the following:

  • Related Business Assets means assets (other than cash or Cash Equivalents) used or useful in a Similar Business; provided that any assets received by the Issuer or a Restricted Subsidiary in exchange for assets transferred by the Issuer or a Restricted Subsidiary shall not be deemed to be Related Business Assets if they consist of securities of a Person, unless upon receipt of the securities of such Person, such Person would become a Restricted Subsidiary.

  • Historic building means a building, including its structural components, that is located in this state and that is either individually listed on the national register of historic places under 16 U.S.C. 470a, located in a registered historic district, and certified by the state historic preservation officer as being of historic significance to the district, or is individually listed as an historic landmark designated by a local government certified under 16 U.S.C. 470a(c).

  • Retained Assets has the meaning set forth in Section 2.2.

  • Real Property Assets means, as of any time, the real property assets (including interests in participating mortgages in which the Borrower’s interest therein is characterized as equity according to GAAP) owned directly or indirectly by the Borrower, EQR and the Consolidated Subsidiaries of either or both at such time.

  • Household waste means any solid waste (including garbage, trash, and sanitary waste in septic tanks) derived from households (including single and multiple residences, hotels and motels, bunkhouses, ranger stations, crew quarters, campgrounds, picnic grounds, and day-use recreation areas).

  • Household income means the combined income of the members

  • School property means in or within any building, structure, athletic playing field, playground, parking lot or land contained within the real property boundary line of a public elementary or secondary school, or in or on a school bus, as defined in Vehicle and Traffic Law §142.

  • Real Estate-Related Assets means any investments by the Company or the Operating Partnership in Mortgages and Real Estate-Related Securities.

  • Transferred Real Property shall have the meaning set forth in Section 1.2(a)(vii).

  • Real Properties means, at any time, a collective reference to each of the facilities and real properties owned, leased or operated by the Consolidated Parties at such time.

  • Timberlands means all the timberlands from time to time owned by the Loan Parties.

  • Subject Property means any premises located in the County on which an energy efficiency improvements, water efficiency improvements, or renewable resource applications are being or have been made and financed through an outstanding PACE loan.

  • Consolidated Assets means all assets which should be listed on the consolidated balance sheet of the Borrower and its Subsidiaries, as determined on a consolidated basis in accordance with GAAP.

  • Real Estate Assets means any investment by the Company or the Operating Partnership in unimproved and improved Real Property (including fee or leasehold interests, options and leases), directly, through one or more subsidiaries or through a Joint Venture.

  • Household Assets Definition | Law Insider (2024)

    FAQs

    Household Assets Definition | Law Insider? ›

    Household Assets means the combined value of the included assets of an applicant or a recipient and any member of an applicant's or a recipient's household.

    What is the definition of household assets? ›

    Household Assets means real property, which includes land and structures on that land; and personal property, which covers, but not limited to: cash in hand (including currency, gold, silver, and other coins), money in savings or checking accounts, and retirement funds; bonds, promissory notes and debentures; shares of ...

    What are assets owned by the household? ›

    Assets include owned homes, vehicles, financial accounts, retirement accounts, stocks, bonds and mutual funds, and more. Debt refers to home mortgage loans, education loans, credit card balances, and any other loan or credit extended to the household.

    What is the meaning of household items? ›

    Household goods are goods and products used within households. They are the tangible and movable personal property placed in the rooms of a house, such as a bed or refrigerator.

    What is a family asset? ›

    Quick Reference. Property acquired by one or both parties to a marriage to be used for the benefit of the family as a whole. Typical examples are the matrimonial home, furniture, and car.

    What is the difference between a household asset and a liability? ›

    Liabilities refer to things that you owe or have borrowed; assets are things that you own or are owed.

    Do household items count as assets? ›

    Assets under the sole ownership of the decedent without a designated beneficiary, not payable-on-death, jointly owned, or not handled in a Living Trust are subject to probate. Such property could include: Vehicles. Household items.

    What is considered an asset in a home? ›

    An asset is anything you own that adds financial value, as opposed to a liability, which is money you owe. Examples of personal assets include: Your home. Other property, such as a rental house or commercial property.

    Is a checking account an asset? ›

    Assets are things you own that have value. Your money in a savings or checking account is an asset. A car, home, business inventory, and land are also assets. Each program has different rules about what counts as an asset and the total value of your assets allowed to qualify for assistance.

    What is the legal definition of household items? ›

    Definition: Household goods are tangible personal property that are used in connection with a home. This includes furniture, furnishings, and personal effects that are used in a dwelling.

    What is the IRS definition of household items? ›

    (D) Household items For purposes of this paragraph— (i) In general The term “household items” includes furniture, furnishings, electronics, appliances, linens, and other similar items.

    What is classified as household items? ›

    Household items include:• Furniture,• Furnishings,• Electronics,• Appliances,• Linens, and• Other similar items. Household items do not include items such food, art, antiques, jewels and gems, and collections.

    What defines household assets? ›

    Definition. Assets are all properties owned by the household, whether financial, real estate, professional or of another nature (durable goods, vehicles, jewellery, works of art, etc.), i.e. everything that is part of the material, negotiable and transferable wealth of households.

    What qualifies for assets? ›

    An asset is something containing economic value and/or future benefit. An asset can often generate cash flows in the future, such as a piece of machinery, a financial security, or a patent. Personal assets may include a house, car, investments, artwork, or home goods.

    What are the assets of the family? ›

    Family Assets means all Property owned by the Family, individually or in combination with others, which has been contributed to or acquired by the Partnership.

    What is considered household assets USCIS? ›

    Examples of assets easily convertible to cash are savings, stocks, bonds and property. Sponsors may include the value of their home. They may not include the value of their automobile, unless they can show they have more than one and the primary automobile is not included as an asset.

    Is a checking account considered an asset? ›

    Assets are things you own that have value. Your money in a savings or checking account is an asset. A car, home, business inventory, and land are also assets. Each program has different rules about what counts as an asset and the total value of your assets allowed to qualify for assistance.

    Is a 401k a household asset? ›

    Your 401(k), and any other retirement accounts, are financial assets. These are portfolios in which you hold securities and investment products that have either realized or potential value.

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