Marital Debt
Debts incurred during marriage for the benefit of the family, typically divided between spouses in divorce.
Example
The credit card debt from household expenses was classified as marital debt.
Canadian Equivalent
In Canada, this is referred to as Family Debt (BC) / Marital Debt (other provinces).
Jurisdiction Variations
CALIFORNIA
Community Debt
California calls marital debt 'community debt' under community property rules
TEXAS
Community Debt
Texas uses 'community debt'
Related Terms
community-debtequitable-distributionproperty-settlement