Dictionary

community property en · NOUN

Meanings

1. (countable, uncountable) 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.
2. (US, countable, uncountable) Marital property that is divided equally in California and some other states, as opposed to equitable distribution, the practice in most states.

Forms