Definition of community property in English:

community property

noun

  • Property owned jointly by a married couple.

    • ‘Of course, if you sign a marital property agreement, you and your spouse can agree to classify these properties as community property or separate property as you wish.’
    • ‘If inheritances are separate property but are put into a joint account with one's spouse, does that make the money community property?’
    • ‘I think it has more to do with legal distinctions, such as next of kin, inheritance, community property and the like.’
    • ‘All of the income each of you has earned during your marriage is community property, and therefore the antiques are community property.’
    • ‘Property owned by domestic partners is now shared equally as community property.’
    • ‘Can a spouse contemplating divorce start converting community property into separate property?’
    • ‘Beginning July 1, married couples can hold title to property as community property with right of survivorship.’
    • ‘According to the files, there will be ‘no community property to divide.’’
    • ‘If we get divorced, is my wife entitled to any part of my home as community property?’
    • ‘The property your husband acquired during those 15 years is community property, and you do own half of it.’
    • ‘And if they break up, a court must dissolve the union and settle disputes about community property.’
    • ‘A few states, following the Spanish law, recognized community property, whereby all property acquired during the marriage is owned by both husband and wife and is divided equally on the dissolution of the marriage.’
    • ‘Under Texas law, those children inherit the deceased spouse's community property.’
    • ‘The court usually gets involved only when it absolutely has to over matters such as division of community property, alimony payments and custody of children.’

Pronunciation:

community property

/kəˈmyo͞onədē ˈpräpərdē/