The story
Named after a 1921 divorce case, Van Camp v. Van Camp.
Etymology from Wiktionary, CC BY-SA 4.0.
Van Camp accounting
Today it means: 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. Full definition →