acquittance

View more Business & Finance videos

Document or receipt evidencing full payment of an obligation, releasing the lender's Security Interest. When a borrower completes the last payment on a mortgage, the lender issues a Satisfaction of Mortgage document, indicating the debt is fully repaid. See also Termination Statement.

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. 

Investopedia Says:
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.  

Related Links:
Learn how to navigate what may be your biggest and most important loan. Mortgage Basics
This may be the biggest debt you'll ever incur. Learn why you should retire it sooner rather than later. Paying Off Your Mortgage
Find out why good intentions can put consumers in an even bigger hole than before. Digging Out Of Personal Debt

For a list of words related to acquittance, see:

• Banking and Financial Services - acquittance: document or receipt held as evidence of discharge of debt

---

See words rhyming with "acquittance."

Dansk (Danish)
n. - indfrielse, betaling

Nederlands (Dutch)
kwitantie, afbetaling

Français (French)
n. - quittance

Deutsch (German)
n. - Erfüllung, Begleichung, Quittung

Ελληνική (Greek)
n. - (οικον.) εξόφληση, εξοφλητική απόδειξη

Italiano (Italian)
saldo, quietanza

Português (Portuguese)
n. - quitação (f), desobrigação (f), recibo (m)

Русский (Russian)
освобождение от обязательств

Español (Spanish)
n. - recibo, pago

Svenska (Swedish)
n. - betalning

中文（简体）(Chinese (Simplified))
偿清, 解除, 清还证明书

中文（繁體）(Chinese (Traditional))
n. - 償清, 解除, 清還證明書

한국어 (Korean)
n. - 소멸, 책임해제, 채무소멸 증서

日本語 (Japanese)
n. - 負債の返済, 債務の消滅, 債務免除

العربيه (Arabic)
‏(الاسم) صك بتسديد الدين‏

עברית (Hebrew)
n. - ‮תשלום חוב או שחרור ממנו, זיכוי בכתב לתשלום חוב‬

If you are unable to view some languages clearly, click here.