dation in payment

da·tion in pay·ment \ ¦dāshənə̇nˈpāmənt \
variants: or dation en paiement \däsyōⁿnäⁿpeymäⁿ\

Definition of dation in payment

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

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Origin and Etymology of dation in payment

French dation en paiement


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