accord and satisfaction

An agreement to substitute for an existing debt some alternative form of discharging that debt, coupled with the actual discharge of the debt by the substituted performance.

• The new agreement is called the accord, and the discharge is called the satisfaction. Cf. COMPROMISE; NOVATION; SETTLEMENT(2), (3). [Cases: Accord and Satisfaction 1.C.J.S. Accord and Satisfaction §§ 2–17, 25–33.]

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词条贡献者

资深译员Betty，毕业于亚洲一流的高级翻译学院，专注翻译各种与商业移民有关的法律文件。