No, that is part time 4wd.
When you turn, the front/rear wheels rotate at different speeds. A part time 4wd locks the front and rear axles together (essentially), so there is no way to dissipate this difference. Something gives unless you're offroad, in which case wheels will spin to compensate.
Full time 4wd has a centre diff which takes care of that. Some 4wd's have smart part time 4wd, like the pajero, which has a lockable centre diff. It does the best of both worlds, allowing 2wd or 4wd on any surface, with the option for serious offroading by locking the centre diff.
An AWD will redistribute torque when a wheel slips. Even though the base distribution may be 50:50, when something spins torque will move away from it. That was the basis of a LOT of subaru ads. Their symmetrical ads are about the left/right distribution of torque, because the engine is mounted longitudinally, unlike many of it's compeditors.