EQUITABLE DISTRIBUTION
\ˈɛkwɪtəbə͡l dˌɪstɹɪbjˈuːʃən], \ˈɛkwɪtəbəl dˌɪstɹɪbjˈuːʃən], \ˈɛ_k_w_ɪ_t_ə_b_əl d_ˌɪ_s_t_ɹ_ɪ_b_j_ˈuː_ʃ_ə_n]\
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A legal principle, followed by most states, under which assets and earnings acquired during marriage are divided equitably (fairly) at divorce. In theory, equitable means equal, but in practice it often means that the higher wage earner gets two-thirds to the lower wage earner's one-third. If a spouse obtains a fault divorce, the "guilty" spouse may receive less than his equitable share upon divorce.
By Oddity Software
Nearby Words
- equison
- equisonance
- equisonant
- equisstacious
- equitable
- equitable distribution
- equitable estoppel
- equitableness
- equitably
- equitancy
- equitangential