community account
An account consisting of community funds or commingled funds. See COMMUNITY PROPERTY.
Search Results for: community account
hotchpot
hotchpot (hoch-pot), n. 1. The blending of items of property to secure equality of division, esp. as practiced either in cases of divorce or in cases in which advancements of an intestate’s property must be made up to the estate by a contribution or by an accounting. — Also termed hotchpotch; hotchpot rule. Cf. RAPPORT
sovereign state
sovereign state. 1. A state that possesses an independent existence, being complete in itself, without being merely part of a larger whole to whose government it is subject. 2. A political community whose members are bound together by the tie of common subjection to some central authority, whose commands those members must obey. — Also
equitable distribution
equitable distribution. Family law. The division of marital property by a court in a divorce proceeding, under statutory guidelines that provide for a fair, but not necessarily equal, allocation of the property between the spouses. • With equitable distribution, when a marriage ends in divorce, property acquired during the marriage is divided equitably between the
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departure
departure, n. 1. A deviation or divergence from a standard rule, regulation, measurement, or course of conduct (an impermissible departure from sentencing guidelines). downward departure. In the federal sentencing guidelines, a court’s imposition of a sentence more lenient than the standard guidelines propose, as when the court concludes that a criminal’s history is less serious
augmented estate
A refinement of the elective share to which a surviving spouse is entitled, whereby the “fair share” is identified as something other than the traditional one-third of the probate estate. • The current version of the Uniform Probate Code uses a sliding scale that increases with each year of marriage. Under the UPC, a surviving
restorative justice
restorative justice. An alternative delinquency sanction that focuses on repairing the harm done, meeting the victim’s needs, and holding the offender responsible for his or her actions. • Restorative-justice sanctions use a balanced approach, producing the least restrictive disposition while stressing the offender’s accountability and providing relief to the victim. The offender may be ordered
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jointly owned property
jointly owned property 共同所有财产；共同财产(→community property; joint bank account; tenancy)
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