ACQUITTANCE - Black's Law Dictionary

What is ACQUITTANCE? Definition of ACQUITTANCE in Black's Law Dictionary

A written discharge, whereby one is freed from an obligation to pay money or perform a duty. It differs from a release in not requiring to be under seal. Pothier, Oblig. n. 781. See Milliken v. Brown, 1 Rawle (Pa.) 391.

This word, though perhaps not strictly speaking synonymous with "receipt," includes it. A receipt is one form of an acquittance; a discharge is another. A receipt in full is an acquittance, and a receipt for a part of a demand or obligation is an acquittance pro tanto. State v. Shelters, 51 Vt. 104, 31 Am.Rep. 679.

More On This Topic:
ASSUMPSIT
ACTION FOR MONEY HAD AND RECEIVED
ARRIVAL

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