corrispettivo

consideration

noun kor-ree-spet-TEE-voh Rare

Also means

payment (in exchange)

Usage Note

Corrispettivo is a legal and commercial term for the sum or consideration exchanged in a transaction — what one party pays in return for goods or services. It is masculine: il corrispettivo, plural i corrispettivi. In tax law, lo scontrino/ricevuta fiscale is sometimes called corrispettivo. Learners should not confuse it with compenso (personal fee/remuneration) or prezzo (price in a retail sense).

Examples

"Il corrispettivo deve essere pagato entro trenta giorni."

Natural Translation

The consideration must be paid within thirty days.

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