Define: Alimony Payment

UK Accounting Glossary

Definition: 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.


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What is the dictionary definition of Alimony Payment?

Dictionary Definition


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.


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Full Definition of Alimony Payment



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Examples of Alimony Payment in a sentence


Making alimony payments is like feeding hay to a dead horse.
His alimony payments equate to about one thousand pounds per month.
You may be subject to alimony payments if the divorce goes through.
After losing his job, he contacted his lawyer to request that his alimony payments to his ex-wife be reduced.



Cite Term


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https://payrollheaven.com/define/alimony-payment/
Modern Language Association (MLA):
Alimony Payment. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. November 13, 2019 https://payrollheaven.com/define/alimony-payment/.
Chicago Manual of Style (CMS):
Alimony Payment. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/alimony-payment/ (accessed: November 13, 2019).
American Psychological Association (APA):
Alimony Payment. PayrollHeaven.com. Retrieved November 13, 2019, from PayrollHeaven.com website: https://payrollheaven.com/define/alimony-payment/

Definition Sources


Definitions for Alimony Payment are sourced/syndicated from:


This glossary post was last updated: 29th January 2019.