Announcement

Collapse
No announcement yet.

meaning

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • meaning

    What does periodic spousal support mean? and indexing of spousal support mean?

  • #2
    Periodic means an amount paid monthly (or weekly, or biweekely etc.) as opposed to in a lump sum. Source: Google "periodic spousal support".

    Your question on indexing has been answered already.

    Comment


    • #3
      Thankyou. does indexing mean same as periodic? we received docs saying periodic SS and indexing of SS. this is a new claim so we are a little confused

      Comment


      • #4
        Indexing relates to the amount of the payment. Quoting from the prior response "It means that support payments are adjusted (usually yearly) in accordance with the rate of inflation. So, if you pay $1000 per month in year 1 and in year 2, the inflation rate is 2%, then your support payments would change to $1,020 per month"

        Periodic refers to the frequency of payment, not the amount.
        Last edited by dinkyface; 02-11-2014, 05:38 PM.

        Comment


        • #5
          Gotcha! Thanks so much! Appreciate your help.

          Comment

          Our Divorce Forums
          Forums dedicated to helping people all across Canada get through the separation and divorce process, with discussions about legal issues, parenting issues, financial issues and more.
          Working...
          X