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Term Definition
Distributive Award
- money paid by one spouse to the other compensate him or her for giving up some asset or right, paid in a lump sum or over time.
Application in Divorce
Sometimes divorcing spouses, in an effort to expedite
agreement
, agree to trade off one asset for another even when by doing so one partner may not receive all that he or she is entitled to. Distributive awards are a form of "horse trading," a common-sense way to ease the inherent difficulties in a property distribution.
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