Business, Legal & Accounting Glossary
A legal principle, followed by most US 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.
To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.
Definitions for Equitable Distribution are sourced/syndicated and enhanced from:
This glossary post was last updated: 22nd April, 2020 | 0 Views.