English Explanatory Dictionary

Van Camp accounting

English dictionary entry

Meanings

noun
  1. In California community property law, a mechanism to deal with community funds and/or labor used to enhance the value of separate property. The manager's services are valued at a market rate, and community expenses are subtracted from that amount. The result is considered community property.

Word forms

Van Camp accounting

Etymology

Named after a 1921 divorce case, Van Camp v. Van Camp.

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