Meaning of counterpayment | Babel Free

Definitions

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

Examples

“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⟳.”

“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.”

“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.”

CEFR level