prestation

[ pre-stey-shuhn ]

noun

, Law.

1. a payment in money or in services.
2. a duty to do or not do something in fulfillment of an obligation, or the performance of such a duty:

   The contract imposes reciprocal prestations upon the parties.

Word History and Origins

Origin of prestation¹

From Middle English, from Middle French, from Late Latin praestation-, stem of praestatio “payment,” from Latin: “warranty,” from praestatus (past participle of praestare “to perform, pay, give”) + -ion

Example Sentences

This practice is called "angary" or "prestation," and is by most jurists either condemned or regarded with disfavor.

From Project Gutenberg

Prestation

What is a prestation?

A prestation is a payment made using money or services, as in Our contract with the client is not complete until we receive our prestation.

Prestation is an uncommon legal term that encompasses all forms of payment that were agreed upon or stated in a contract. While a prestation is normally a payment in the form of currency, it can also be the performance of a service.

A prestation can also be a duty to do something or not do something as part of a larger obligation, as in As a scientific researcher for my employer, I have a prestation not to reveal my research to other companies.

Example: The defendant has neglected to pay the contractually designated prestation.

Where does prestation come from?

The first records of the term prestation come from around the 1470s. It comes from the Latin term praestātiō, meaning “payment,” as with money or services.

Prestation was primarily used in the English feudal system, referring to payments, duties, and services that were obligated to lords by their vassals.

A modern example of a prestation is the nondisclosure agreement (NDA). An NDA is a legal contract in which one party agrees to keep specific information belonging to the other party a secret. If you work as a freelancer for a company and have access to company trade secrets, for example, you may be asked to sign an NDA. This prestation legally obligates you not to share those company secrets with anyone outside of the company.

Did you know … ?

What are some words that often get used in discussing prestation?

• legal
• money
• obligation
• pay
• performance
• service
• settlement
• warranty

How is prestation used in real life?

Prestation is a legal term that is usually only used in legal discussions.

Has signed a prestation contract with Chesteroc Ltd. we hope that it is going to be the first step of a great partnership.

— EOS Ltd. (@EOSltd) January 12, 2011

SOS traduction : could somebody help me understand whether there is a difference in French legal circles between "Service" and "Prestation" when used in a service delivery contract. Thanks

— Nchanji Njamnsi (@NMNjamnsi) November 28, 2019

That and / or he has a good prestation escape clause in his contract (Max)

— Kris (@86Krisss86) March 3, 2018

 

 

Try using prestation!

True or False?

A prestation is the station your train reaches before it arrives at your station.