Acquittance


Acquittance
A document that shows that a debtor has been released from a debt obligation. An acquittance are often given as an indication from the lender to a debtor that the owed amount has been completely repaid and that the lender cannot request further repayment on that specific debt.

Banks and other mortgage lenders often issue some form of an acquittance once a mortgagor makes a final payment toward his or her mortgage. This provides the borrower with an official statement that the loan has been repaid in full.


Investment dictionary. . 2012.

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  • acquittance — ac·quit·tance /ə kwit əns/ n: acquittal (1) Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. acquittance …   Law dictionary

  • Acquittance — Ac*quit tance, n. [OF. aquitance, fr. aquiter. See {Acquit}.] 1. The clearing off of debt or obligation; a release or discharge from debt or other liability. [1913 Webster] 2. A writing which is evidence of a discharge; a receipt in full, which… …   The Collaborative International Dictionary of English

  • Acquittance — Ac*quit tance, v. t. To acquit. [Obs.] Shak. [1913 Webster] …   The Collaborative International Dictionary of English

  • acquittance — [ə kwit′ ns] n. [ME aquitaunce < OFr aquitance: see ACQUIT & ANCE] 1. a settlement of, or release from, debt or liability 2. a record of this; receipt …   English World dictionary

  • acquittance — /akwitans/ A written discharge, whereby one is freed from an obligation to pay money or perform a duty. This word, though perhaps not strictly speaking synonymous with receipt, includes it. A receipt is one form of an acquittance; a discharge is… …   Black's law dictionary

  • acquittance — /akwitans/ A written discharge, whereby one is freed from an obligation to pay money or perform a duty. This word, though perhaps not strictly speaking synonymous with receipt, includes it. A receipt is one form of an acquittance; a discharge is… …   Black's law dictionary

  • acquittance — A release; a receipt. While the word is not strictly synonymous with the word receipt, it includes receipt. A receipt is one form of acquittance; a discharge is another form. A receipt in full is an acquittance. It has been held that a receipt… …   Ballentine's law dictionary

  • acquittance — noun Date: 14th century a document evidencing a discharge from an obligation; especially a receipt in full …   New Collegiate Dictionary

  • acquittance — /euh kwit ns/, n. 1. the act of acquitting. 2. the discharge of a debt or obligation. 3. a document or receipt as evidence of the discharge of a debt or obligation. [1300 50; ME aquitance < OF. See ACQUIT, ANCE] * * * …   Universalium

  • acquittance — noun a) The clearing off of debt or obligation; a release or discharge from debt or other liability. b) A writing which is evidence of a discharge; a receipt in full, which bars a further demand …   Wiktionary