Meaning of counter-payment | Babel Free

Definitions

Noun. [C2]

Examples

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

“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?”

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

CEFR level