Definitions for "Accord and satisfaction"
An agreement between two parties to settle a dispute by compromise
An agreement to settle a contract dispute where the creditor accepts less than what is due under the contract. The creditor accepts less as a means of reducing its losses on a bad contract by saving the costs the creditor would incur by trying to collect the full amount.
An agreement between two or more persons or entities, which extinguishes an obligation or settles a claim or law suit.
Keywords:  accumulation, trust
Accumulation Trust