Gaois

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  1. LAW|civil law|civil law · FINANCE|financial institutions and credit|credit

    #620288

    IATE #1131420
    íocaíocht chomhchineáil Reference Faomhadh an téarma seo mar chuid de Thionscadal Lex
    ga
    datio in solutum | giving in payment | payment in kind
    en
    Definition act of discharging a debt by giving something instead of paying in money Reference "USLegal > Legal Definitions Home > G > Giving in Payment Law & Legal Definition, http://definitions.uslegal.com/g/giving-in-payment/ [23.8.2016]"
    Comment "May occur in the case of non-recourse loans [ IATE:1683375 ] (e.g. some types of mortgage), with the debtor giving the creditor the collateral (e.g. a house) instead of continuing to repay"