Joint property that belongs not to one individual, but to more than one person. This term typically applies to those who are legally married. Community property comes into play only at the time of divorce or death.

Previous Terms: 1031 Exchange, 1035 Exchange, AARP, Abeyance, Abstraction Principle, Accelerated Amortization, Acceptance Credit, Acceptance of a Bill of Exchange, Accommodation Bill, Accommodation Endorser