Division of Property
/ˈdɪvɪʒən əv ˈprɒpərti/
Definitions
- (n.) The legal process of distributing ownership rights and interests in property between parties, often upon divorce or dissolution of a partnership.
The court ordered an equitable division of property between the spouses.
Related terms
See also
Commentary
The term commonly arises in family law and business contexts, where the nature of the property and applicable law influence the division method.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.