Alimony Payment
An alimony payment, also called spousal or maintenance payments in some parts of the United States, is a periodic pre-determined sum awarded to a spouse or former spouse following a separation or divorce. Payment structures and requirements to fulfill alimony are outlined by a legal decree or court order.
Original Article Source Credits: Investopedia , https://www.investopedia.com/
Article Written By: JULIA KAGAN
Original Article Posted on: Mar 28, 2021
Link to Original Article: https://www.investopedia.com/terms/a/alimony-payment.asp