After-Acquired Property Legal Meaning and Definition

Here is a simplified definition of the legal term After-Acquired Property.

After-Acquired Property (noun)

After-Acquired Property refers to any property or assets that an individual or entity obtains after a specific date or event, such as after entering into a contract or after filing for bankruptcy. This term is commonly used in legal contexts to refer to the property that was not owned at the time of an agreement but acquired later, and may have implications on that agreement.

Please note, this definition is not directly linked to the example provided which discusses annuities. Annuities and after-acquired property are different legal concepts.