Equitable Distribution

Definition of Equitable Distribution

No fault divorce statutes in certain states (e.g. New Jersey) grant courts the power to distribute equitably upon divorce all property legally and beneficially acquired during marriage by husband and wife, or either of them, whether legal title lies in their joint or individual names.

That's the definition of Equitable Distribution in Black's Law Dictionary 6th Edition. Courtesy of Cekhukum.com.