Counterpayment

Quick meaning: Counterpayment is a noun meaning A payment made to recompense, in part or in full, someone who has made a payment.

Meaning

A payment made to recompense, in part or in full, someone who has made a payment.

Example Sentences

In 1979, the concept of the counterpayment of benefits was modified to apply only to the airlines of countries which the Ecuadorian Airline did not serve.

For instance, the Tokyo market opens earlier in time than other major financial markets, and participants in Tokyo are often forced to make yen payment before they receive counterpayment through relevant settlement systems in foreign markets.

Textiles on Sumba are both clothing and the currency of traditional ceremonial exchange: Many fine folded cloths must be presented at each marriage as part of a counterpayment for a bridewealth paid in horses, buffalo, and gold, and at each funeral as a sign of mourning and later also a counterpayment for animals contributed to the slaughter.

Word Forms

• counterpayments
• counter-payment
• counter payment

Related Words

Related dictionary entries include rebate, payback, repayment, recoupment, recompensation, indemnity.

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