accord and satisfaction
An agreement to substitute for an existing debt some alternative form of discharging that debt, coupled with the actual discharge of the debt by the substituted performance.
? The new agreement is called the accord, and the discharge is called the satisfaction. Cf. COMPROMISE; NOVATION; SETTLEMENT(2), (3). [Cases: Accord and Satisfaction 1.C.J.S. Accord and Satisfaction ¡ì¡ì 2¨C17, 25¨C33.]
What is the legal translation of accord and satisfaction in Chinese?
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