Van Camp accounting

English

Etymology

Named after a 1921 divorce case, Van Camp v. Van Camp.

Noun

Van Camp accounting (uncountable)

1. (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