In Lieu of means to replace something for something else, it can be used interchangeably with “instead of”. For example, the firm this year paid cash bonuses in lieu of our annual corporate party.
CFI is a global provider of financial modeling courses and of the FMVA Certification. CFI's mission is to help all professionals improve their technical skills. If you are a student or are looking for a career change, the CFI website has a multitude of free resources to help you jumpstart your Career in Finance. If you seek to improve your technical skills check out some of our most popular courses. Below are some additional resources for you to further explore: