Community Property

Business / Real Estate / Community Property: A system of property ownership based on the theory that each spouse has an equal interest in the property acquired by the efforts of either spouse during marriage. This system stemmed from germanic tribes and, through Spain, came to the Spanish colonies of North and South America. In states that maintain a community property system, such as California and other states with laws of Spanish origin, there are two classifications of property - separate property and community property. Separate property is property that either the husband or wife owned at the time of marriage or that was acquired by one spouse during marriage by inheritance, will or gift. Separate property is considered all community property and is automatically owned equally by each spouse regardless of whose name the record title is held under.

Other Words for Property

Property Noun Synonyms: characteristic, attribute, quality, feature, trait, mark, hallmark, idiosyncrasy, peculiarity, oddity, quirk, haecceity, quiddity
Property Adverb Synonyms: possessions, belongings, effects, gear, paraphernalia, chattels
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Separate Property

Business / Real Estate / Separate Property: Under community property law, property owned solely by either spouse before the marriage, acquired by gift or inheritance after the marriage or purchased with separate funds after the marriage. MORE

Property Plant And Equipment Turnover

Business / Accounting / Property Plant And Equipment Turnover: A measure of how well property, plant, and equipment are being utilized in generating a period's sales: computed by dividing net sales by average property, plant and equipment. MORE

Property Plant And Equipment

Business / Accounting / Property Plant And Equipment: Tangible, long-lived assets acquired for use in business operations: includes land, buildings, machinery, equipment, and furniture. MORE

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