counter-payment

English

Noun

counter-payment (plural counter-payments)

1. Alternative form of counterpayment
   • 1985, George J. Klima, The Barabaig: East African Cattle-herders, page 30:

     He has a legal claim over the calf, which is a counter-payment for the bull the other owner slaughtered.

   • 2000, Andrew Burrows, Understanding the Law of Obligations, →ISBN:

     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?

   • 2013, Adam Kuper, The Social Anthropology of Radcliffe-Brown, →ISBN, page 240:

     The rule in many African societies is that if there is a divorce the marriage payment and the counter-payment must be returned.