Define: Alimony Payment

Alimony Payment
Alimony Payment
Quick Summary of Alimony Payment

An alimony payment is a periodic pre-determined sum awarded to a spouse or former spouse following a separation or divorce. Alimony is an obligation to make payments for support or maintenance; an alimony payment is the actual sum paid to fulfil the obligation.

What is the dictionary definition of Alimony Payment?
Dictionary Definition of Alimony Payment
A payment of support to a former spouse following divorce or legal separation. In the US, alimony payments are payments in a divorce settlement. They are treated as deductions from adjusted gross income by the payer, but they are treated as income (for tax purposes) for the recipient.
Full Definition Of Alimony Payment

The money paid by one ex-spouse to the other for support under the terms of a court order or settlement agreement following a divorce. Except in marriages of long duration (ten years or more) or in the case of an ailing spouse, alimony usually lasts for a set period, with the expectation that the recipient spouse will become self-supporting. Alimony is also called “spousal support” or “maintenance.”

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This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.

This glossary post was last updated: 29th March, 2024.

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