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.
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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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
"I think a pre-nuptial contract is a step too far and I would advise people not to go down the contractual, business route.
Though not legally binding in the UK, pre-nuptial contracts are nevertheless likely to be taken into account by the divorce courts.
"In this sort of case, a pre-nuptial contract can work very well with an agreement that, if the marriage fails, they can take away what they originally owned.
www.money supermarket.com has an online cohabitation agreement and pre-nuptial contract.
He added: "Should they decide on a remarriage I would draw up a pre-nuptial contract to avoid any future disputes."
He concluded: "No nasty surprise in the pre-nuptial contract and also a clear view that both sides have gained enormously from the relationship and are now both stronger and able to move on to the next stage."
The offer triples a figure in a pre-nuptial contract.
They included the idea that health visitors could expand their role to offer counselling, the introduction of pre-nuptial contract and "cooling off periods" before weddings.
The pounds 5million would be three times as much as the amount entered in the pre-nuptial contract that Barbara had signed.
She and Mick reportedly signed a pre-nuptial contract before they wed in 1991 after a 14-year romance.
Catherine, 31, who gave birth to Douglas's son Dylan 10 weeks ago, insisted he sign the pre-nuptial contract.
It was postponed after Mr Bryden demanded that his stunning brunette bride sign a pre-nuptial contract to protect his family's fortune.