marital property

marital property definition - business

marital property

Assets acquired by each spouse during a marriage. Property owned prior to marriage and kept separate during the marriage is generally considered separate, or nonmarital, property. Separate property that is commingled becomes marital property.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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