Satisfaction
| Author | Jeffrey Lehman, Shirelle Phelps |
Page 4
The discharge of an obligation by paying a party what is due?as on a mortgage, lien, or contract?or by paying what is awarded to a person by the judgment of a court or otherwise. An entry made on the record, by which a party in whose favor a judgment was rendered declares that she has been satisfied and paid.
The fulfillment of a gift by will, whereby the testator?one who dies leaving a will?makes an inter vivos gift, one which is made while the testator is alive to take effect...
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