Financial Plan
/ˈfaɪnænsəl plæn/
Definitions
- (n.) A formal document outlining an individual's or organization's financial goals and strategies for income, spending, saving, and investment, often used in legal contexts such as estate planning, divorce settlements, or business agreements.
The parties submitted a detailed financial plan to the court to support their settlement proposal.
Forms
- financial plans
Related terms
See also
Commentary
In legal drafting, clarity in a financial plan is crucial as it may be used as evidence in court or contractual performance; specifying time frames and contingencies enhances enforceability.
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.