Acquittance
/əˈkwɪtəns/
Definitions
- (n.) A written acknowledgment that a debt or obligation has been fully paid or discharged.
The debtor provided an acquittance to confirm the loan was fully repaid.
Forms
- acquittances
Related terms
See also
Commentary
An acquittance specifically serves as proof of payment or discharge of an obligation and differs from a general receipt by its formal acknowledgment of fulfillment.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.