Alimony Payment

If you've ever been divorced, you won't need this one defined. In fact, it's probably a bit PTSD triggering. You might want to just move on to the next one (See: All Risks Coverage).

For those of you who believe in romantic love and the possibility for long-term happiness entwined with a soul mate, here's something we hope you'll never have to deal with. An alimony payment is an amount of money that one part of a former couple pays the other after a divorce. At the divorce settlement, the amount of alimony is one of the items that needs to be hammered out, along with who gets the fine china and who has to take the kids.

Typically, one former spouse pays the other a predetermined alimony amount each month for a set period of time. Then they go to Tinder, Match, JDate, and whatever that new thing is that Facebook just set up. And they join a gym.