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Definitions from WordNet

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Property Settlement

Definition: Property settlement refers to the legal process of distributing assets and debts between parties in a divorce or separation.

Examples:

As a noun:

1. The property settlement was finalized, and both parties received an equitable share of the assets.

2. In a property settlement, the value of the couple's home is often assessed to determine the fair distribution of assets.

As a verb:

1. They decided to property settle their divorce without involving the court.

2. The couple hired a mediator to help them property settle their financial matters.

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