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Term Definition Omitted Property - property not included in a settlement.
Application in Divorce For a number of reasons, a assets. This may happen by oversight, as a result of deception, or if the asset was not recognized as distributable property at the time of the divorce.

Most equitable distribution states distribute property only in conjunction with a divorce and find justification for reopening a settled distribution.

In res judicata preclude further adjudication of the parties’ martial property rights."

Some jurisdiction provide by statue for a reservation of jurisdiction, allowing the parties to confer to the court the right to divide and distribute omitted property.

Some actions for distribution of omitted property are taken on grounds of decree, which usually means less than one year.

See also Res Judicata; Fraud.