Alimony Payment

Business, Legal & 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.



What is the dictionary definition of Alimony Payment?

Dictionary Definition


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.”


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.


Synonyms For Alimony Payment


Support Payment, Maintenance, Spousal Support

Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/alimony-payment/
Modern Language Association (MLA):
Alimony Payment. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. December 05, 2020 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: December 05, 2020).
American Psychological Association (APA):
Alimony Payment. PayrollHeaven.com. Retrieved December 05, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/alimony-payment/

Definition Sources


Definitions for Alimony Payment are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 22nd April, 2020 | 36 Views.