counterpayment

plural counterpayments · alternative counter-payment · alternative counter payment

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

   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.

   1989, Ramon De Murias, The Economic Regulation of International Air Transport, page 236

   2 more examples

   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.

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

   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.

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