Final Distribution
/ˈfaɪnəl dɪstrɪˈbjuːʃən/
Definitions
- (n.) The ultimate allocation or payment of assets or proceeds to beneficiaries, creditors, or shareholders following the completion of a legal process such as probate, bankruptcy, or dissolution.
The court oversaw the final distribution of the deceased's estate to the heirs.
Forms
- final distribution
Related terms
See also
Commentary
Often appears in probate or bankruptcy contexts; clarity in identifying timing and recipients is crucial in drafting related documents.
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.