Encyclopedia Encyclopedia: ABCDEFGHIJKLMNOPQRSTUVWY
Term Definition Coverture Fraction - a mathematical formula used to calculate the percentage of a pension distributed to a noncontributory spouse (usually a wife) in a divorce action.
Application in Divorce In a benefit.

In this routine, the ultimate benefit times the spouse.

This fraction is also called the time rule.

See also Alternate Payee, QDRO.