satisfaction piece

noun

Legal Definition of satisfaction piece

: a formal written acknowledgment by an obligee (as a mortgagee) that an obligation has been satisfied and that the obligor is discharged

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Cite this Entry

“Satisfaction piece.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/satisfaction%20piece. Accessed 28 Nov. 2020.

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