pay-or-waive
n.— «In a nutshell, Washington’s I-933 says that when government regulation reduces a property’s value—or the potential value of uses of the property—the government should either pay the property owner for the “lost” value or else waive the regulation. (For shorthand, this sort of scheme is sometimes called pay-or-waive.) 933 does allow for some exceptions where pay-or-waive would be plainly stupid: such as laws that require property owners to comply with building codes for fires.» —“This Land Is…Someone’s Land” by Eric de Place Sightline Institute (Seattle, Washington) May 5, 2006. (source: Double-Tongued Dictionary)
Further reading
Have you ever googled your own name and found someone else who goes by the very same moniker? There’s a word for that: googleganger. Plus, the language of hobbyists and enthusiasts: If you’re a beekeeper, perhaps you call yourself a...
She sells seashells by the seashore. Who is the she in this tongue twister? Some claim it’s the young Mary Anning, who went on to become a famous 19th-century British paleontologist. Dubious perhaps, but the story of her rise from seaside...