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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