Palimony Legal Meaning and Definition
Here is a simplified definition of the legal term Palimony.
Palimony (noun): It refers to the financial compensation one partner might be required to pay to another after the dissolution of a long-term, cohabiting (living together) relationship where the couple was not legally married. This term is used to suggest an arrangement analogous to alimony, with respect to non-married couples. This derives from an implied contractual agreement, wherein the court considers factors such as sacrifices and support provided by one partner during the relationship.