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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History and Etymology for dation in payment

French dation en paiement

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