Community Property Systems
- community of property - only marital property is owned in joint tenancy, save for gifts and inheritances. (also known as a ganancial community of property or conjugal partnership of gains (Philippines)) (Fr communauté réduite aux acquêts, Sp sociedad de gananciales, Du gemeenschap van aanwinst van goederen, gemeenschap van vruchten en inkomsten, Ger Errungenschaftsgemeinschaft, Ita comunione degli acquisti)
- community of profit and loss - similar to above but liabilities ("loss") are separate. (Du gemeenschap van winst en verlies)
- community of personal and marital property - community consisting of marital property and pre-marital personalty. (Fr communauté de meubles et acquêts, Ger Fahrnisgemeinschaft).
- limited community of property - similar to community of property but with certain marital property being separate. (Fr communauté de biens limitée, Du beperkte gemeenschap van goederen)
- universal community of property - all pre-marital and marital property is owned in joint tenancy. (also known as absolute community of property (Philippines)) (Fr communauté universelle, Sp comunidad absoluta de bienes, Du algehele gemeenschap van goederen, Ger Gütergemeinschaft, It comunione universale dei beni)
Read more about this topic: Matrimonial Regime
Famous quotes containing the words community, property and/or systems:
“When you have come into the land that the LORD your God is giving you, and have taken possession of it and settled in it, and you say, “I will set a king over me, like all the nations that are around me,” you may indeed set over you a king whom the LORD your God will choose. One of your own community you may set as king over you; you are not permitted to put a foreigner over you, who is not of your own community.”
—Bible: Hebrew, Deuteronomy 17:14,15.
“Abscond. To “move” in a mysterious way, commonly with the property of another.”
—Ambrose Bierce (1842–1914)
“We have done scant justice to the reasonableness of cannibalism. There are in fact so many and such excellent motives possible to it that mankind has never been able to fit all of them into one universal scheme, and has accordingly contrived various diverse and contradictory systems the better to display its virtues.”
—Ruth Benedict (1887–1948)