community property
(legal) Property that is acquired during a marriage, excluding gifts and inheritances, that is owned jointly by both spouses and is divided upon divorce, annulment or death.
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(legal) Property that is acquired during a marriage, excluding gifts and inheritances, that is owned jointly by both spouses and is divided upon divorce, annulment or death.
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(US, legal) Marital property that is divided equally in California and some other states, as opposed to equitable distribution, the practice in most states.
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Semantically related
- communalism57%
The communal ownership of property.
- midnuptial agreement55%
(US) A legal document, signed by both parties during marriage, stating the legal claims on each other's estate upon a subsequent divorce.
- property55%
Something that is owned.
- accession55%
(legal) A mode of acquiring property, by which the owner of a corporeal substance which receives an addition by growth, or by labor, has a right to the part or thing added, or the improvement (provided the thing is not changed into a different species).