Satisfaction piece


Also found in: Financial, Encyclopedia.

SATISFACTION PIECE, Eng. practice. An instrument of writing in which it is declared that, satisfaction is acknowledged between the plaintiff and defendant. It is signed by the attorney, and on its production and the warrant of attorney to the clerk of the judgments, satisfactio is entered on payment, of certain fees. Lee's Dict. of Pr. tit. Satisfaction.

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Yardi truly gets the customer satisfaction piece, which gives us the advantage of delivering competitive services to our prospects and residents.
Filing a satisfaction piece is now simpler, because the original mortgage no longer needs to be filed with it.
Within 60 days of delivery of that notice, the lender must either record the satisfaction piece or send a response detailing why the mortgage should not be satisfied.