Unfamiliar with a term? Need to clarify a definition? This comprehensive dictionary of words commonly used during the divorce process can help.
The point at which a minor comes of age. The age is typically 18 or 21.
|Encumbered||When a lien, mortgage or other restraint is placed against a property.|
|Entrepreneurial profit||A market - derived figure that represents the amount an entrepreneur expects to receive in addition to costs; the difference between total cost and market value.|
|Equitable division (distribution)||A system of dividing property acquired by spouses during their marriage in connection with a divorce proceeding.|
|Equity||The net proceeds from the sale of a home, minus the fees of the solicitor and the real estate agent and the satisfying of the mortgage.|
|Estate||A right or interest in property or the property of a deceased person.|
|Evaluation||A study of the nature, quality, or unity of a parcel of real estate or interests in, or aspects of, real property, in which a value estimate is not necessarily required.|
|Evidence||Documents, testimony or other informational material offered to the court to prove or disprove allegations in the pleadings.|
|Ex - parte||Court relief that is granted due to the absence of opposing party.|
|Exhibit||An item of evidence presented to the court.|
|Expectancy||Future proceeds from an estate.|
|Expert witness||A professional used to help a judge reach a decision. Experts can include: Appraisers, Counselors, Evaluators, Accountants.|