SATISFACTION PIECE

SATISFACTION PIECE

satisfaction piece. A written statement that one party (esp. a debtor) has discharged its obligation to another party, who accepts the discharge. ¡ª Also termed certificate of discharge; satisfaction. [Cases: Mortgages 309. C.J.S. Mortgages ¡ì¡ì 451, 465¨C466, 477¨C478.]
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Carl, Chinese legal translator, specializes in translating legal documents pertaining to complex business disputes.