accord and satisfaction (Meaning)
accord and satisfaction (n)
the settlement of a debt by paying less than the amount demanded in exchange for extinguishing the debt
Synonyms & Antonyms of accord and satisfaction
No Synonyms and anytonyms found
accord and satisfaction Sentence Examples
- The dispute was resolved through an accord and satisfaction, with both parties agreeing to a fair settlement.
- The contractor offered a partial refund as an accord and satisfaction for the client's dissatisfaction with the completed work.
- The legal team advised their client to consider an accord and satisfaction to avoid a protracted and costly court battle.
- The debtor and creditor reached an accord and satisfaction, clearing the outstanding debt with a negotiated payment.
- The insurance company proposed an accord and satisfaction to settle the claim, providing compensation for the damages incurred.
- The parties involved in the contract dispute opted for an accord and satisfaction, saving time and legal expenses.
- The landlord and tenant agreed to an accord and satisfaction regarding the overdue rent, preventing eviction.
- A written agreement served as evidence of the accord and satisfaction reached between the parties involved in the business transaction.
- The union and management worked out an accord and satisfaction to address labor grievances and improve working conditions.
- The court recognized the accord and satisfaction as a legally binding resolution to the contractual disagreement between the parties.
FAQs About the word accord and satisfaction
the settlement of a debt by paying less than the amount demanded in exchange for extinguishing the debt
No synonyms found.
No antonyms found.
The dispute was resolved through an accord and satisfaction, with both parties agreeing to a fair settlement.
The contractor offered a partial refund as an accord and satisfaction for the client's dissatisfaction with the completed work.
The legal team advised their client to consider an accord and satisfaction to avoid a protracted and costly court battle.
The debtor and creditor reached an accord and satisfaction, clearing the outstanding debt with a negotiated payment.
