Satisfaction
/ˌsætɪsˈfækʃən/
Definitions
- (n.) The fulfillment of an obligation or payment of a debt, thereby discharging the duty.
The debtor's payment provided full satisfaction of the contract.
- (n.) The legal remedy by which a claimant acknowledges that a judgment debt has been paid.
The plaintiff filed a satisfaction after receiving the awarded amount.
Related terms
See also
Commentary
Often used in contract and debt contexts, satisfaction must be clear and complete to discharge obligations fully.
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.