noun U.S. Law.
(in some states) property acquired by either spouse, or both together, that is considered by law to be jointly owned and equally shared.
transitive propertyRead more in this article about some frequently asked questions and fun facts related to our definitions.
Origin of community property
First recorded in 1920–25
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019