Aka an engagement ring. A term most notably used by Tom Leykis, since women often use the ring as a way to make money after they divorce you (while they are also taking half of everything you own from the divorce).
A women in San Diego divorced her husband then listed to sell her engagement ring for 1.5k and San Diego chargers tickets, which is why women use engagement rings as divorce insurance.
by Sheriff69 July 22, 2017