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Acquittance

Legal Definition and Related Resources of Acquittance

Meaning of Acquittance

In contracts. An agreement in writing to discharge a party from an engagement to pay a sum of money. It is evidence of payment, and differs from a release in this, that the latter must be under seal, while an acquittance need not be under seal. Poth. Obi. note 781. See 3 Salk. 298; Co. Litt. 212a, 273a; 1 Rawle (Pa.) 391.

What does Acquittance mean in American Law?

The definition of Acquittance in the law of the United States, as defined by the lexicographer Arthur Leff in his legal dictionary is:

Something delivered to an obligor to evidence the extinguishment of an obligation. A written receipt, for instance, is an acquittance of a debt, given by the creditor to the debter. A release would be another form of acquittance. There is an implication that an acquittance must deal with an entire obligation, but a receipt given for part payment of a larger debt might properly be considered an “acquittance” for that part; it is sometimes called an “acquittance pro tanto.”

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Notice

This definition of Acquittance Is based on the The Cyclopedic Law Dictionary . This entry needs to be proofread.

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Grammar

This term is a noun.

Etimology of Acquittance

(You may find acquittance at the world legal encyclopedia and the etimology of more terms).

legal settlement of a debt, obligation, etc., early 14c., aquitaunce, from Old French aquitance and Medieval Latin acquietantia; see acquit + -ance.

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