金融百科  > 所属分类  >  Taxes-税务   
[0] 评论[0] 编辑

Restitution Payments

The payment of punitive damages that are owed as a result of wrongdoing or neglect. Restitution payments are an attempt to restore a person to a previous financial condition that should have persisted save for the improper actions of another person or entity. Restitution payments are usually paid according to a schedule dictated by the court, but often will not begin until after the defendant/payor has been released from prison, if jail time is also served.

Some types of restitution payments are controversial, such as payments to descendants of black slaves or Holocaust survivors. Some restitution payments are tax free, but payors cannot deduct restitution payments by donating them to a qualified charity.





附件列表


0

词条内容仅供参考,如果您需要解决具体问题
(尤其在法律、医学等领域),建议您咨询相关领域专业人士。

如果您认为本词条还有待完善,请 编辑

上一篇 Residential Rental Property    下一篇 Restrictive Covenant

相关标签

热门标签