Encyclopedia Encyclopedia: ABCDEFGHIJKLMNOPQRSTUVWY
Term Definition Capital Asset - resources and property, excluding property held for resale in the normal course of business and other excluded categories under the Internal Revenue Code.
Application in Divorce In divorce actions, the value of capital distribution of property.

The capital spouse who is contemplating divorce, may invest marital funds in a business to be used to purchase a tangible asset, like a new truck.

Compare Goodwill.