Financial Independence
/ˌfaɪˈnænʃəl ˌɪndɪˈpɛndəns/
Definitions
- (n.) The state of having sufficient personal wealth to live without relying on external financial support or employment.
The contract ensured her financial independence after retirement.
- (n.) In legal contexts, the status enabling an individual to make autonomous financial decisions without undue influence or control by others.
Financial independence is a key factor in assessing capacity in guardianship cases.
Forms
- financial independence
Related terms
See also
Commentary
Legal usage often emphasizes autonomy in financial decision-making when assessing individual rights or capacity.
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.