marital agreement

marital agreement. An agreement between spouses or two people engaged to be married concerning the division and ownership of marital property during marriage or upon dissolution by death or divorce; esp. a premarital contract or separation agreement primarily concerned with dividing marital property in the event of divorce. — Also termed marriage settlement; property settlement. See PRENUPTIAL AGREEMENT; POSTNUPTIAL AGREEMENT. [Cases: Husband and Wife 29, 277.]
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