satisfaction

(redirected from satisfactions)
Also found in: Dictionary, Thesaurus, Medical, Idioms, Encyclopedia.

Satisfaction

The discharge of an obligation by paying a party what is due—as on a mortgage, lien, or contract—or by paying what is awarded to a person by the judgment of a court or otherwise. An entry made on the record, by which a party in whose favor a judgment was rendered declares that she has been satisfied and paid.

The fulfillment of a gift by will, whereby the testator—one who dies leaving a will—makes an inter vivos gift, one which is made while the testator is alive to take effect while the testator is living, to the beneficiary with the intent that it be in lieu of the gift by will. In Equity, something given either in whole or in part as a substitute or equivalent for something else.

satisfaction

n. receiving payment or performance of what is due. (See: satisfaction of judgment, accord and satisfaction, contract)

satisfaction

(Discharge of debt), noun acquitment, acquittal, acquittance, amortizement, clearance, damages, defrayal, defrayment, discharge, guerdon, indemnification, indemnity, payment, quittance, receipted payment, recompense, recoupment, redress, release from debt, remuneration, reparation, requital, requitement, restitution, return, settlement, solatium
Associated concepts: accord and satisfaction, ademption, reasonable satisfaction, satisfaction of lien, satisfaction piece

satisfaction

(Fulfilment), noun accomplishment, achievement, appeasement, attainment, consummation, content, contentedness, contentment, enjoyment, expletio, fruition, gratification, pleasure, realization, reparation, success, sufficiency
Associated concepts: satisfaction of judgment
See also: amortization, award, benefit, betterment, compensation, conciliation, consideration, contribution, discharge, enjoyment, expiation, fruition, indemnification, out of pocket, payment, pride, proof, recompense, recovery, refund, relief, remuneration, reparation, requital, restitution, retribution, revenge, settlement, surfeit, trover

SATISFACTION, practice. An entry made on the record, by which a party in whose favor a judgment was rendered, declares that he has been satisfied and paid.
     2. In Alabama, Delaware, Illinois, Indiana, Massachusetts, New Hampshire, Pennsylvania, Rhode Island, South Carolina, and, Vermont, provision is made by statute, requiring the mortgagee to discharge a mortgage upon the record, by entering satisfaction in the margin. The refusal or neglect to enter satisfaction after payment and demand, renders the mortgagee liable to an action, after the time given him by the respective statutes for doing the same has elapsed, and subjects him to the payment of damages, and, in some cases, treble costs. In Indiana and New York, the register or recorder of deeds may himself discharge the mortgage upon the record on the exhibition of a certificate of payment and satisfaction signed by the mortgagee or his representatives, and attached to the mortgage, which shall be recorded. Ind. St. 1836, 64; 1 N. Y. Rev. St. 761.

SATISFACTION, construction by courts of equity. Satisfaction is defined to be the donation of a thing, with the intention, express or implied, that such donation is to be an extinguishment of some existing right or claim in the donee.
     2. Where a person indebted bequeaths to his creditor a legacy, equal to, or exceeding the amount of the debt, which is not noticed in the will, courts of equity, in the absence of any intimation of a contrary intention, have adopted the rule that the testator shall be presumed to have meant the legacy as a satisfaction. of the debt.
     3. When a testator, being indebted, bequeaths to his creditor a legacy, simpliciter, and of the same nature as the debt, and not coming within the exceptions stated in the next paragraph, it has been held a satisfaction of the debt, when the legacy is equal to, or exceeds the amount of the debt. Pre. Ch. 240; 3 P. Wms. 353.
     4. The following are exceptions to the rule: 1. Where the legacy is of, less amount than the debt, it shall not be deemed a part payment or satisfaction. 1 Ves. pen. 263.
     5.-2. Where, though the debt and legacy are of equal amount, there is a difference in the times of payment, so that the legacy may not be equally beneficial to the legatee as the debt. Prec. Ch. 236; 2 Atk. 300; 2 Ves. sen. 63 5; 3 Atk. 96; 1 Bro. C. C. 129; 1 Bro. C. C. 195; 1 McClel. & Y. Rep. Exch. 41; 1 Swans. R. 219.
     6.-3. When the legacy and the debt are of a different nature, either with reference, to the subjects themselves, or with respect to the interests given. 2 P. Wms. 614; 1 Ves. jr. 298; 2 Ves. jr. 463.
     7.-4. When the provision by the will is expressed to be given for a particular purpose, such purpose will prevent the testamentary gift being construed a satisfaction of the debt, because it is given diverse intuitu. 2 Ves. sen. 635.
     8.-5. When the debt of the testator is contracted subsequently to the, making of the will; for, in that case, the legacy will not be deemed a satisfaction. 2 Salk. 508.
     9.-6. When the legacy is uncertain or contingent. 2 Atk. 300; 2 P. Wms. 343.
     10.-7. Where the debt itself is contingent, as where it arises from a running account between the testator and legatee; 1 P. Wms. 296; or it is a negotiable bill of exchange. 3 Ves. jr. 561.
     11.-8. Where there is an express direction in the will for the payment of debts end legacies, the court will infer from the circumstance, that the testator intended that both the debt owing from him to the legatee and the legacy, should, be paid. 1 P. Wms. 408; 2 Roper, Leg. 54.
     See, generally, Tr. of Eq. 333; Yelv. 11, n.; 1 Swans. R. 221; 18 Eng. Com. Law Rep. 201; 4 Ves. jr. 301; 7 Ves. jr. 507; 1 Suppl. to Ves. jr. 204, 308, 311, 342, 348, 329; 8 Com. Dig. Appen. tit. Satisfaction, p. 917; Rob. on Frauds, 46, n. 15; 2 Suppl. to Ves. jr. 22, 46, 205; 1 Vern. 346; Roper, Leg. c. 17; 1 Roper on Hush. and Wife, 501 to 511; 2 Id. 53 to 63; Math. on Pres. c. 6, p. 107; 1 Desaus. R. 814; 2 Munf. Rep. 413; Stallm. on El. and Sat.

References in classic literature ?
said Laurie, with the look of satisfaction she liked to see in his eyes when they rested on her.
Her eagerness to be gone from Norland was preserved from diminution by the evident satisfaction of her daughter-in-law in the prospect of her removal; a satisfaction which was but feebly attempted to be concealed under a cold invitation to her to defer her departure.
He handled them, he counted them, till their form and colour were like the satisfaction of a thirst to him; but it was only in the night, when his work was done, that he drew them out to enjoy their companionship.
But while I realised all this, and, with a veritable aching of the heart at the loss of her, felt a curious satisfaction at the turn of events, still my own psychology became all the more a puzzle to me, and I asked myself, with some impatience, what I would be at, and what it was I really wanted.
His satisfaction would have been complete had the Rangoon been forced to retreat before the violence of wind and waves.
Mousqueton had a magnificent livery, and enjoyed the satisfaction of which he had been ambitious all his life--that of standing behind a gilded carriage.
There is first to note that, whereas in other principalities the ambition of the nobles and the insolence of the people only have to be contended with, the Roman emperors had a third difficulty in having to put up with the cruelty and avarice of their soldiers, a matter so beset with difficulties that it was the ruin of many; for it was a hard thing to give satisfaction both to soldiers and people; because the people loved peace, and for this reason they loved the unaspiring prince, whilst the soldiers loved the warlike prince who was bold, cruel, and rapacious, which qualities they were quite willing he should exercise upon the people, so that they could get double pay and give vent to their own greed and cruelty.
Charlotte assured her friend of her satisfaction in being useful, and that it amply repaid her for the little sacrifice of her time.
Having settled this Point to our satisfaction, the next we took into consideration was, to determine in what manner we should inform M'Kenrie of the favourable Opinion Janetta entertained of him.
Take care, monsieur," exclaimed De Wardes; "if you do not immediately give me satisfaction, I will avail myself of every means to revenge myself.
Oh, I think we can give you satisfaction, Miss Antonia.

Full browser ?