Alimony Payment

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 fulfill the obligation. A decree or court order outlines the alimony payment structure and requirements.

When a married couple becomes legally separated or divorced, a court may determine the legal obligation of one of the individuals to provide money to the other to provide the type of financial support to which he or she has become accustomed to throughout the life of the marriage. In the United States, the Internal Revenue Service permits alimony payments to be deductible by the payer, and requires the recipient to include the alimony payments as income. Child support payments are separate from alimony payments.


Investment dictionary. . 2012.

Look at other dictionaries:

  • alimony payment — In the USA, payments in a divorce settlement. They are treated as deductions from adjusted gross income by the payer, but the recipient treats them as income for tax purposes …   Accounting dictionary

  • alimony — al·i·mo·ny / a lə ˌmō nē/ n [Latin alimonia sustenance, from alere to nourish] 1: an allowance made to one spouse by the other for support pending or after legal separation or divorce compare child support alimony in gross: lump sum alimony in… …   Law dictionary

  • Alimony — • In the common legal sense of the word, the allowance by order of the court a husband pays to his wife for her maintenance while she is living separately from him, or paid by her former husband to a divorced woman Catholic Encyclopedia. Kevin… …   Catholic encyclopedia

  • payment — [n] fee; installment of fee acquittal, advance, alimony, amends, amortization, amount, annuity, award, bounty, cash, defrayal, defrayment, deposit, disbursement, discharge, down, fee, hire, indemnification, outlay, part, paying, pay off, pension …   New thesaurus

  • Alimony — For the 1949 film directed by Alfred Zeisler, see Alimony (film). Family law …   Wikipedia

  • alimony — /jelamaniy/ Comes from Latin alimonia meaning sustenance, and means, therefore, the sustenance or support of the wife by her divorced husband and stems from the common law right of the wife to support by her husband. Allowances which husband or… …   Black's law dictionary

  • alimony — /jelamaniy/ Comes from Latin alimonia meaning sustenance, and means, therefore, the sustenance or support of the wife by her divorced husband and stems from the common law right of the wife to support by her husband. Allowances which husband or… …   Black's law dictionary

  • payment — noun 1 paying/being paid ADJECTIVE ▪ immediate (esp. BrE), prompt ▪ late ▪ penalties for late payment of tax ▪ early (esp. BrE) ▪ …   Collocations dictionary

  • payment — I (New American Roget s College Thesaurus) Act of paying Nouns 1. payment, defrayment; discharge, remission; acquittance, quittance; settlement, clearance, liquidation, satisfaction, reckoning, arrangement, restitution, repayment, reimbursement;… …   English dictionary for students

  • alimony — noun Alimony is used before these nouns: ↑payment …   Collocations dictionary

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