Glossary Antenuptial Contract Terms

Antenuptial Contracts Glossary of Terms

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Glossaries

Term Definition
Accrual

The accrual system came into operation with the introduction of the Matrimonial Property Act. The 'accrual' is the extent to which the husband and wife have become richer by the end of the marriage, in other words, the amount by which the spouses' joint wealth has increased over the period of the marriage. The spouse with the smaller accrual has a claim against the one with the greater accrual for half of the difference between the two amounts.

 

Net Commencement Value

Net asset value at the inception of the marriage.

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  • In Community of Property
  • Out of Community of Property With Accrual
  • Out of Community of Property Without Accrual
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