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obligation

but not enforceable by the law several obligation 1 : any of the obligations binding different obligors to separate performances for one obligee 2 : any of the obligations binding an obligor to separate performances for different

postnuptial agreement

is made between spouses regarding the division of marital property and that is usually formulated in contemplation of separation or divorce

reconcile

reconcile -ciled -cil·ing vt 1 a : to restore to harmony [reconciled the parties] [reconciled the marriage] b : to bring to resolution [ differences] 2 a : to check (a financial account) against another for...

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segregate

segregate -gat·ed -gat·ing vt : to cause or force the separation of ;specif : to separate (persons) on the basis of race, religion, or national origin vi : to

spousal support or maintenance

spousal support or maintenance Financial payments made to help support a spouse or former spouse during separation or following divorce. Also called alimony.

STRIP

exclusively and that is registered in a Federal Reserve bank under a federal program that provides for such separate trading of the components of U.S. Treasury obligations compare zero-coupon bond at bond

tenancy

binds partners to the use of partnership property only for partnership purposes and that does not permit the separate assignment by a partner of his or her right to the property 2 : the period of a

trust

property compare passive trust in this entry alimony trust : a trust created often in accordance with a separation agreement in which property is transferred to the trust as a source of support for a divorced spouse

centrifuge

around a central pivot and rotated at a high speed thus generating centrifugal force on the liquid and separating substances such as particles of solid or globules of an immiscible liquid mixed together in suspension within the

qualifying event

six months) NOTE: Qualifying events for continuation of group health insurance coverage include the death, divorce, or legal separation of the employee, termination from employment for a reason other than gross misconduct, reduction in working hours, and

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