Property Settlement
/ˈprɒpɚti ˈsɛtlmənt/
Definitions
- (n.) A legal agreement dividing assets and liabilities between parties, typically following divorce or dissolution of a partnership.
The court approved the property settlement to ensure an equitable division of assets.
Forms
- property settlement
- property settlements
Related terms
See also
Commentary
Property settlements are critical in family law for resolving financial disputes post-separation, often requiring clear drafting to avoid future litigation.
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.