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The original texts go as

"Prince William and Kate Middleton did not have a prenup , according to "senior royal sources."

That seems like an agreement that the couple have to settle before their marriage to determine what properties belong to whom or how much alimony the husband would have to pay his wife if they ever split up.

Am I correct?
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Hi,

Yes

Clive
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CliveHi, Yes Clive
Is it a formal word? Or is it an American idiom?
Hi,

It's a slang short-form for a 'prenuptial agreement'.

Clive