payments in kind

The term 'pagos en especie' originates from Spanish language and it translates to 'payments in kind' in English. This is a type of transaction where services or goods are exchanged instead of monetary payment. For instance, if you paint a house in exchange for a car, this would be considered a 'pago en especie'. The exchange is performed based upon the mutual agreement where both parties recognize a particular value for the goods or services exchanged, effectively bypassing the need for money based transaction.

Example sentences using: pagos en especie

Los empleados pueden recibir pagos en especie como parte de su salario.

Employees can receive payments in kind as part of their salary.

This sentence highlights that some employees might receive additional benefits through non-monetary compensation, which are considered payments in kind.

La empresa ofrece pagos en especie, como vales de comida y transporte.

The company offers payments in kind, such as meal and transportation vouchers.

In this example, the phrase illustrates how a company provides various forms of non-cash benefits to its employees, which is a common practice in some organizations.

Los trabajadores que aceptan pagos en especie a menudo valorizan estos beneficios.

Workers who accept payments in kind often value these benefits.

This sentence suggests that employees who receive non-monetary benefits find significant value in these alternative forms of compensation beyond just their salary.