a form of alimony awarded to one of the partners in a romantic relationship after the breakup of that relationship following a long period of living together.

1975–80, Americanism; blend of pal and alimony Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2015.
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World English Dictionary
palimony (ˈpælɪmənɪ)
(US) alimony awarded to a nonmarried partner after the break-up of a long-term relationship
[C20: from a blend of pal + alimony]

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Word Origin & History

1979, coined from pal + (al)imony. Popularized, if not introduced, during lawsuit against U.S. film star Lee Marvin.
Online Etymology Dictionary, © 2010 Douglas Harper
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Example sentences
When they broke up, she filed a palimony suit against him in state court.
Palimony gives unmarried persons a right to enforce a property division when the relationship dissolves.
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