California Family Code 2101 – Unless the provision or context otherwise requires, the following …
Unless the provision or context otherwise requires, the following definitions apply to this chapter:
(a) “Asset” includes, but is not limited to, any real or personal property of any nature, whether tangible or intangible, and whether currently existing or contingent.
Terms Used In California Family Code 2101
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Personal property: All property that is not real property.
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
(b) “Default judgment” does not include a stipulated judgment or any judgment pursuant to a marital settlement agreement.
(c) “Earnings and accumulations” includes income from whatever source derived, as provided in Section 4058.
(d) “Expenses” includes, but is not limited to, all personal living expenses, but does not include business related expenses.
(e) “Income and expense declaration” includes the Income and Expense Declaration forms approved for use by the Judicial Council, and any other financial statement that is approved for use by the Judicial Council in lieu of the Income and Expense Declaration, if the financial statement form satisfies all other applicable criteria.
(f) “Liability” includes, but is not limited to, any debt or obligation, whether currently existing or contingent.
(Amended by Stats. 1998, Ch. 581, Sec. 5. Effective January 1, 1999.)