Lieu might have a bit of a legalistic flavor to it but most people recognize that it means "instead of" or "in place of" -for example: "in lieu of paying me the money, she took me out to dinner."

lieu可能有一些守法的韵味，但是很多大部分人还是能认出它的意思是“instead of”或者是“ in place of ”——比如：“她没有还我钱，而是请我出去吃了晚餐。”(in lieu of paying me the money, she took me out to dinner .)。

youdao

If your stock is lent out, instead of real dividends, you receive something called "payments in lieu of dividends, " which aren't eligible for the lower 15% rate.

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