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Chapter 22 Key Terms

Rhonda Hadnot

Chapter 22 Key Terms

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7.The holdings and resources owned in common by a Husband and Wife (2 Words)
8.Unjustified wasting of marital assets through extravagant spending, gifts, gambling or excessive borrowing or fraudulent conveyance
10.One of the portions into which something is regarded as divided
12.Federal law whereby a person's assets are turned over to a trustee and used to pay off outstanding debts
13.Any willful disobedience to, or disregard of, a court order or any misconduct in the presence of a court
14.The process whereby charges are imposed on individuals or property by the legislative branch of the federal government and by many state governments to raise funds
15.An act that changes the form or character or substance of something
1.Legal principle that places the responsibility of minimizing damages upon the person who has been injured
2.A legal principle, followed by most states, under which assets and earnings acquired during marriage are divided equitably (2 Words)
3.Achieve, achieve by continued effort, accuire by service, attain, be deserving, be entitled to, be successful, be worthy, clear, deserve, gain
4.Payment benefit many workers receive from their employers upon retirement
5.A written contract created by two people planning to be married
6.Cessation; conclusion; end in time or existence
9.To compel observance of or obedience to: enforce a law
11.The degree, quantity, nature, and extent of interest that a person has in real and Personal Property

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