child support

child support definition - business

child support

  1. The legal obligation of parents to provide financial support for their children. The obligation ends when a child reaches 19 years of age, unless he or she is disabled or a student.
  2. Court-ordered payments by one parent to another who has custody of the couple's child.

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.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.