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satisfaction of a creditor

См. также в других словарях:

  • satisfaction of judgment — A document signed by the party who is owed money under a court judgment (called the judgment creditor) stating that the full amount due on the judgment has been paid. If the judgment creditor has a lien on real property belonging to the judgment… …   Law dictionary

  • satisfaction — c.1300, performance of an act set forth by a priest or other Church authority to atone for sin, from L. satisfactionem (nom. satisfactio) a satisfying of a creditor, from satisfacere (see SATISFY (Cf. satisfy)). Sense of contentment first… …   Etymology dictionary

  • creditor — A person to whom a debt is owing by another person who is the debtor. Rooney v. Inheritance Tax Commission of Kansas, 143 Kan. 143, 53 P.2d 500, 501. One who has a right to require the fulfillment of an obligation or contract. Murphy v. Jos.… …   Black's law dictionary

  • creditor — A person to whom a debt is owing by another person who is the debtor. Rooney v. Inheritance Tax Commission of Kansas, 143 Kan. 143, 53 P.2d 500, 501. One who has a right to require the fulfillment of an obligation or contract. Murphy v. Jos.… …   Black's law dictionary

  • satisfaction — Act of satisfying; the state of being satisfied. Seago v. New York Cent. R. Co., 349 Mo. 1249,164 S.W.2d 336, 341. The discharge of an obligation by paying a party what is due to him (as on a mortgage, lien, note, or contract), or what is awarded …   Black's law dictionary

  • Accord and satisfaction — In contract law, accord and satisfaction is the purchase of the release from a debt obligation. The payment is typically less than what is owed and is not paid by the actual performance of the original obligation. The accord is the agreement to… …   Wikipedia

  • accord and satisfaction — An executed agreement of accord. 1 Am J2d Accord § 1. In order to be a satisfaction there must be an accord or agreement to accept in extinction of the obligation something different from or less than that which the creditor is claiming or is… …   Ballentine's law dictionary

  • D & C Builders Ltd v Rees — Court Court of Appeal Date decided November 12 1965 Citation(s) [1965] …   Wikipedia

  • Merit — • By merit (meritum) in general is understood that property of a good work which entitles the doer to receive a reward from him in whose service the work is done Catholic Encyclopedia. Kevin Knight. 2006. Merit     Merit …   Catholic encyclopedia

  • Partial Payment — refers to the offering of a payment by check for less than the full amount claimed by the creditor. Such an offer for debt discharge by tender of a payment in full check is a common practice. If the amount tendered is not grossly insufficient, it …   Wikipedia

  • consideration — con·sid·er·a·tion n: something (as an act or forbearance or the promise thereof) done or given by one party for the act or promise of another see also contract compare motive ◇ Except in Louisiana, consideration is a necessary element to the… …   Law dictionary

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