counterpayment

English

Alternative forms

• counter-payment, counter payment

Etymology

counter- +‎ payment

Noun

counterpayment (plural counterpayments)

1. A payment made to recompense, in part or in full, someone who has made a payment.
   • 1989, Ramon De Murias, The Economic Regulation of International Air Transport, page 236:

     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.

   • 1995, Foundation for Advanced Information and Research (Japan), Financial advanced market studies - Volume 1, page 56:

     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.

   • 2008, Jan Mrázek, Morgan Pitelka, What's the Use of Art?: Asian Visual and Material Culture in Context, →ISBN:

     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.