Property Division
Definitions
- (n.) The legal process of dividing property between parties, typically during divorce or dissolution of a partnership.
The court oversaw the property division to ensure an equitable distribution of assets.
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Commentary
Property division often involves complex valuation and considerations of equitable rather than equal distribution, especially in divorce proceedings.
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.