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 […]
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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.
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accord and satisfaction 和解和清偿 解除债务的一种方法。双方当事人协议由一方为一定给付而另一方接受，从而解除债务。和解〔accord〕是指协议，清偿〔satisfaction〕是指该协议的履行。这是以一个新协议取代旧协议，以履行新协议来取代原有义务的履行，它必须具备有效合同的所有要素。
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