Counter-payment
Definition, Meaning & Examples
Part of speech noun
Quick meaning: Counter-payment is a noun meaning Alternative form of counterpayment.
Meaning
Alternative form of counterpayment.
Example Sentences
He has a legal claim over the calf, which is a counter-payment for the bull the other owner slaughtered.
The rule in many African societies is that if there is a divorce the marriage payment and the counter-payment must be returned.
Similarly if a bank has paid £100,000 up front to a local authority under a void interest rate swap transaction can it possibly make sense to allow restitution to the bank where the local authority has made no counter-payment but to deny restitutions to the bank where the local authority has made one counter-payment of £10 so that the consideration for the payment has not totally failed?
Word Forms
- counter-payments
Related Words
Related dictionary entries include counterpayment, backpay, payoff, pay-out, paycheque, payment.
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Sources & Attribution
FreeDictionaryAPI.com / Wiktionary · Original source · CC BY-SA 4.0
Dictionary data is provided by FreeDictionaryAPI.com and sourced from Wiktionary under its stated license.