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Accord and satisfaction
/ɐkˈɔːd and sˌatɪsfˈakʃən/
/ɐkˈoːɹd ænd sˌæɾɪsfˈækʃən/
Accord and satisfaction
01
the settlement of a debt by paying less than the amount demanded in exchange for extinguishing the debt
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the settlement of a debt by paying less than the amount demanded in exchange for extinguishing the debt