dation in payment

dation in payment
The agreed discharge of a debt by giving something differing in character from that of the original debt

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  • dation in payment — …   Useful english dictionary

  • dation en paiement — see dation in payment …   Useful english dictionary

  • dation en paiement — da·tion en paie·ment / dā shən en pā mənt, dȧ syȯ ä pā mä / [French, literally, act of giving in payment] in the civil law of Louisiana: a mode of discharging a debt by the debtor s giving to the creditor with the creditor s consent something… …   Law dictionary

  • dation en paiement — /deyshan an peymant/dasyown on peymon/ In French law, a giving by the debtor and receipt by the creditor of something in payment of a debt, instead of a sum of money. It is somewhat like the accord and satisfaction of the common law …   Black's law dictionary

  • dation en paiement — /deyshan an peymant/dasyown on peymon/ In French law, a giving by the debtor and receipt by the creditor of something in payment of a debt, instead of a sum of money. It is somewhat like the accord and satisfaction of the common law …   Black's law dictionary

  • dation en paiement — A proceeding under the law of Louisiana whereby a debtor conveys property to his creditor, and the creditor accepts the conveyance as payment of the debt. Bradley v Claflin, 132 US 379, 385, 33 L Ed 367, 370, 10 S Ct 125 …   Ballentine's law dictionary

  • giving in payment — giving in payment: dation en paiement Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • giving in payment — In Louisiana law, a phrase (translating the Fr. dation en paiement ) which signifies the delivery and acceptance of real or personal property in satisfaction of a debt, instead of a payment in money. Civil Code La. art. 2655 et seq …   Black's law dictionary

  • giving in payment — In Louisiana law, a phrase (translating the Fr. dation en paiement ) which signifies the delivery and acceptance of real or personal property in satisfaction of a debt, instead of a payment in money. Civil Code La. art. 2655 et seq …   Black's law dictionary

  • liquidation — Occurs when a firm s business is terminated. assets are sold, proceeds are used to pay creditors, and any leftovers are distributed to shareholders. Any transaction that offsets or closes out a long or short position. Related: buy in, evening up …   Financial and business terms

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