counter payment

counter payment (plural counter payments)

1. Alternative form of counterpayment
   • 1946, Department of State Bulletin - Volume 15, page 198:

     Germany had made compensation for every contribution by a counter payment, although she could have extorted them by force as the due of the victor.

   • 1983, Great Britain. Parliament. House of Commons, Papers by command - Volume 9, page 57:

     In his complaint to me the man said that when he called at the local office on 4 January 1982 for a counter payment (which was necessary because, he said, he had not been sent form 07 on 21 December) he was kept waiting for 2¾ hours before being told that the finance office had closed for lunch thirty-five minutes before.

   • 2009, Sylvie A. Durham, Terminating Derivative Transactions, page 6-8:

     The escrow arrangements shall also provide that such interest on any amount in escrow shall be payable to the intended payee of that amount, provided that it has deposited the counter payment due from it into escrow as contemplated herein, ...