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accord and satisfaction

   Also found in: Legal, Financial, Wikipedia 0.01 sec.
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Noun1.accord and satisfaction - the settlement of a debt by paying less than the amount demanded in exchange for extinguishing the debtaccord and satisfaction - the settlement of a debt by paying less than the amount demanded in exchange for extinguishing the debt
settlement - a conclusive resolution of a matter and disposition of it


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Roman Gonzalez in which the state's highest court said an accord and satisfaction was permissible in cases involving assault and battery and other misdemeanors, but unlawful in a rape case.
Charter Communications Holding Company LLC and Charter Communications VII, LLC: Plaintiff alleges breach of contract, estoppel, accord and satisfaction.
 
 
 
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