satisfaction Hear it!

satisfaction definition - legal

n

A giving of something in order to release oneself from, or to satisfy, some outstanding obligation, be it legal or moral. Satisfaction requires the giving of one thing for another and should be distinguished from performance, which requires only the promising to give something. Also, payment in full, done to fulfill a contractual obligation or debt.

Webster's New World Law Dictionary Copyright © 2006 by Wiley Publishing, Inc., Hoboken, New Jersey.
Used by arrangement with John Wiley & Sons, Inc.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.