Participation Payment - Sankashiharai

Japanese: 参加支払 - サンカシハライ
Participation Payment - Sankashiharai
Refusal to accept or pay on bills of exchange or promissory notes, whether before or after maturity Retracing Sokyu Payment of a bill by a third party other than the payor or acceptor to prevent recourse when a cause of action arises.

Source: About Shogakukan Digital Daijisen Information | Legend

Japanese:
為替手形・約束手形で、満期の前後を問わず、引き受けまたは支払いの拒絶などの遡求そきゅう原因が生じた場合に、遡求を阻止するために支払人または引受人以外の第三者が手形の支払いをすること。栄誉支払。

出典　小学館デジタル大辞泉について　情報 | 凡例

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