Words / F / Law

financial disclosure

noun

B1CEFR level
40/100Rarity: uncommon
TechnicalRegister

The obligation on each party to provide full and honest information about their assets, income and liabilities.

The wife's solicitor accused the husband of incomplete financial disclosure and demanded copies of his overseas bank statements.

Topic: Family law in Legal English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More law words: Family law