Compensation paid by one contracting party to the other in order to reserve the right to withdraw from the contract; also called conversion money. It corresponds broadly to the premium in speculative transactions. – Payment to make good a wrong; in particular also said for a voluntary or by the tax authority determined additional payment in case of tax evasion (money paid willingly to compensate for dishonesty, as well as money paid by assessment of tax authority for taxes formerly evaded). – See deposit, distance money, option transaction, premium transaction, speculation.
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