accord and satisfaction is the settlement of an obligation. An accord is an agreement by a creditor to accept less than bargained for from a debtor. The creditor's acceptance of the accord constitutes satisfaction of the debt.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). accord and satisfaction. Retrieved September 29, 2026, from http://smartdefine.org/accord_and_satisfaction/definitions/1146978 |
| Chicago | Barry Goldsmith. 2010. "accord and satisfaction" http://smartdefine.org/accord_and_satisfaction/definitions/1146978 (accessed September 29, 2026). |
| Harvard | Barry Goldsmith 2010, accord and satisfaction, Smart Define, viewed 29 September, 2026, <http://smartdefine.org/accord_and_satisfaction/definitions/1146978>. |
| MLA | Barry Goldsmith. "accord and satisfaction" 21 October 2010. Web. 29 September 2026. <http://smartdefine.org/accord_and_satisfaction/definitions/1146978> |