alimony

alimony definition - business

alimony

Court-ordered support to a separated or divorced person by a spouse. Alimony payments must meet certain requirements, such as being paid via check or cash, in order to be deductible for tax purposes.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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