English version

ex gratia payment

From Longman Business Dictionaryex gratia paymentex ˈgratia ˌpayment [countable]FINANCELAW a payment made to help someone or as a gift, not because you have a legal duty to make itThe government would make ex gratia payments to all investors who had suffered loss, while stressing that it had no legal liability to pay compensation. see also balance of payments, part-payment payment
Pictures of the day
What are these?
Click on the pictures to check.