Financial Agreement
/ˈfaɪnænʃəl əˈɡriːmənt/
Definitions
- (n.) A legally enforceable contract outlining the terms governing financial transactions or arrangements between parties.
The parties executed a financial agreement to settle the loan terms and repayment schedule.
- (n.) In family law, a formal contract between spouses or partners setting out financial rights and obligations, often used in divorce or separation proceedings.
They entered into a financial agreement to divide assets before the divorce was finalized.
Forms
- financial agreement
- financial agreements
Related terms
See also
Commentary
Financial agreements are often drafted with precise clarity to ensure enforceability and to reflect specific financial arrangements, particularly in family law where statutes may impose formal requirements.
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.