Payment-in-kind sentence example
- In commercial matters, payment in kind was still common, though the contracts usually stipulate for cash, naming the standard expected, that of Babylon, Larsa, Assyria, Carchemish, &c. The Code enacted, however, that a debtor must be allowed to pay in produce according to statutory scale.
- In the former case a peasant family undertakes all the necessary work in return for payment in money or kind, which varies according to the crop; in the latter the money wages and the payment in kind are fixed beforehand.
- in some small sum for the net profits of the fishing, and customs for payment in kind have been upheld by the courts.
- The officials and Oriental troops received payment in kind.