Definition of Alimony payment:
Used in divorce as a payment from one spouse to another.
Alimony is a legal obligation in which one spouse makes regular payments to the other spouse—former or current. Alimony payments are also called spousal or maintenance payments in some parts of the United States and are quite common in divorce and/or separation proceedings. Payments are normally issued in cases where one spouse earns a higher income than the other. The conditions of the agreement depends on how long the marriage lasted.
The term alimony payment refers to a periodic pre-determined sum awarded to a spouse or former spouse following a separation or divorce. The payment is the actual sum paid to fulfill alimony, which is the obligation to make payments for support or maintenance. Alimony payment structures and requirements are outlined by a legal decree or court order.
How to use Alimony payment in a sentence?
- Refusing to pay or not keeping up to date with alimony payments may result in civil or criminal charges for the payer.
- Alimony payments are legally mandated monetary transfers from one ex-spouse to another in order to support the lifestyle of the other.
- The Tax Cuts and Jobs Act eliminated the tax deduction for alimony payments for decrees made after Jan. 1, 2019.
- Payments are normally issued in cases where one spouse earns a higher income than the other.
Meaning of Alimony payment & Alimony payment Definition