Words / F / Law

financial settlement

noun

A2CEFR level
20/100Rarity: fairly common
TechnicalRegister

The agreement or court order dividing a couple's assets, income and liabilities on divorce.

Both parties reached a financial settlement that gave the wife a larger share of the equity in return for a clean break.

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