Definition: Community property is a marital-property system in which spouses generally share ownership of property acquired during marriage, subject to that jurisdiction's exceptions.
Example
In a community-property jurisdiction, earnings acquired during marriage may belong to the marital community even when deposited in one spouse's name.
Keep the distinction clear
Florida generally uses equitable distribution rather than a default community-property system. That does not mean one spouse has no rights in an asset titled only to the other; special arrangements and existing community-property rights can also matter.
Related terms
Separate Property · Tenancy by the Entireties · Undivided Interest
Keep studying
Joint Tenancy, Tenancy in Common, Entireties, and Severalty
References: Florida Statutes 61.075: marital and nonmarital property
Pronunciation (US): kuh-MYOO-nuh-tee PRAH-per-tee (capitals show stress)
Pronunciation reference: Merriam-Webster
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