giving in payment

1 definition found

giving in payment - Bouvier's Law Dictionary, Revised 6th Ed (1856) :

  GIVING IN PAYMENT. This term is used in Louisiana; it signifies that a 
  debtor, instead of paying a debt he owes in money, satisfies his creditor by 
  giving in payment a movable or immovable. Vide Dation en paiement.