Accord

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Concept of Accord in the context of Real Property

A short definition of Accord: An agreement by which one accepts something different (usually less) from what is owed as full satisfaction. The amount owed may be in dispute or simply accepted as full satisfaction by the creditor or claimant. The agreement and acceptance is called “Accord and Satisfaction”.

Concept of “Acc, Accord”

Traditional meaning of acc, accord in the French law history (with some legal use in England and the United States in the XIX Century) [1]: (in French) Abbreviations of accordant, agreeing.

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Notes and References

1. Based on A Concise Law Dictionary of Words, Phrases and Maxims, “Acc, Accord.”, Boston: Little, Brown, and Company, 1911, United States. It is also called the Stimson’s Law dictionary. This term and/or definition may be absolete.

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Accord

Accord

Meaning of Accord

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