Van Camp accounting
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English
Etymology
Named after a 1921 divorce case, Van Camp v. Van Camp.
Noun
Van Camp accounting (uncountable)
- (accounting) In California community property law, a mechanism to deal with community funds and/or labor used to enhance the value of separate property. The manager's services are valued at a market rate, and community expenses are subtracted from that amount. The result is considered community property.
- Coordinate term: Pereira accounting