periodic payment order

periodic payment order

1 an order in divorce proceedings for regular payments of money. If the court is satisfied that the application of the ‘clean break’ principle is inappropriate, it may instead make an order for the payment of a periodical allowance. For Scotland see PERIODICAL ALLOWANCE.
2 from April 2005, in England and Wales, courts will be able to impose a periodic payment order at the settlement of a substantial claim for compensation. The case will be financially valued to ascertain the overall lifetime financial need. The final award will be paid by way of a lump sum with the addition of an annuity.