prenuptial agreement

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Prenuptial Agreement

A legal and binding agreement that a couple enters prior to their marriage. Prenuptial agreements are commonly associated with the division of assets in the event of a divorce later in life, but they may also include other details such as how assets are distributed in the event of the death of a spouse. Prenuptial agreements are somewhat controversial as some see them as providing an expectation of divorce; they are designed, however, to reduce financial uncertainty in a marriage.

prenuptial agreement

A written agreement by a couple who plan to marry in which financial matters, including rights following divorce or the death of one spouse, are detailed.
References in periodicals archive ?
Buyer beware" might not be the most romantic advice, but it makes good business sense in the harsh sellers' market of the computer world, where vendors' sales pitches often end up as no more than vapor vows, and where consumers have no prenuptial contracts to protect them.
However, prenuptial contracts are becoming more common.