dation in payment

da·​tion in pay·​ment
¦dāshənə̇nˈpāmənt
variants or dation en paiement
däsyōⁿnäⁿpeymäⁿ
civil law
: a mode of discharging a debt or claim by the debtor's giving to the creditor with the latter's consent something in full satisfaction of the obligation but of a character different from that originally called for by the obligation

Word History

Etymology

French dation en paiement

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Dictionary Entries Near dation in payment

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“Dation in payment.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/dation%20in%20payment. Accessed 8 Nov. 2024.

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