counter-payment

plural counter-payments

1. alternativeAlternative form of counterpayment.

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

   1985, George J. Klima, The Barabaig: East African Cattle-herders, page 30

   2 more examples

   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?

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

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

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