Home > Glossary > Dower And Curtesy

Meaning / Definition of

Dower And Curtesy

Categories: Legal,

A surviving spouse's right to receive a set portion of the deceased spouse's estate -- usually one-third to one-half. Dower (not to be confused with a dowry) refers to the portion to which a surviving wife is entitled, while curtesy refers to what a man may claim. Until recently, these amounts differed in a number of states. However, because discrimination on the basis of sex is now illegal in most cases, most states have abolished dower and curtesy and generally provide the same benefits regardless of sex -- and this amount is often known simply as the statutory share. Under certain circumstances, a living spouse may not be able to sell or convey property that is subject to the other spouses dower and curtesy or statutory share rights.

Featured term of the day

Definition / Meaning of

Mortgage Impairment Insurance

Categories: Insurance,

removed

Most popular terms

1. Homeowner's Insurance
2. Insurer Insolvency Exclusion
3. Self-insured Retention (SIR)
4. Committee On Uniform Security Identification Procedures (CUSIP) Service Bureau
5. Gross Margin
6. Manufacturers Output Policy (MOP)
7. Construction Defect
8. Nonprofit
9. Additional Insured
10. Custodial Account

Search a term

Keyword:

Browse by alphabet

ABCDEFG
HIJKLMN
OPQRSTU
VWXYZ#

Browse by category

Accounting
Banking
Bankruptcy Assistance
Bonds and Treasuries
Brokerages
Business and Management
Compliance and Governance
Credit and Debt
E-commerce
Economics
Estate Planning
Forex
Fraud
Fundamental Analysis
Futures
Global
Insurance
International Trade
Investing and Trading
Ipos
Legal
Loan and Mortgage
Mergers and Acquisitions
Mutual Funds
Operation and Production
Options
Patent
Personnel Management
Real Estate
Retirement and Pension
Statistics and Risk Management
Stocks
Strategies
Tax
Technical Analysis
Venture Capital