acceptilation in a sentence
n.
📚 Grade Level: Grade 9, Grade 10, Grade 11, Grade 12
Definition
Acceptilation is the acknowledgment by a debtor of receipt of payment, which discharges their obligation to the creditor.
Crossword clues for acceptilation
Crossword clue ideas and answer hints for the word "acceptilation".
- Acknowledgment of payment received by a debtor.
- Discharge of obligation through receipt confirmation.
- Recognition of payment, clearing debt responsibilities.
- Debtor's confirmation of settling a financial obligation.
- Acknowledgment that payment fulfills a creditor's claim.
Acceptilation sentence examples
- Acceptilation occurs when a debtor acknowledges the receipt of a payment, effectively discharging their obligation.
- The concept of acceptilation is often used in legal contexts to simplify the resolution of debts.
- In certain contracts, acceptilation can eliminate the need for further formalities regarding payment confirmation.
- Understanding acceptilation is crucial for lawyers specializing in contract law and debt collection.
- The parties involved agreed to an acceptilation to avoid lengthy litigation over the outstanding balance.
- Acceptilation serves as a mutual acknowledgment that a debt has been settled without further claims.
- During the negotiation, the idea of acceptilation was proposed to expedite the settlement process.
- The court upheld the acceptilation as valid, confirming that the debt had been fully discharged.
- Acceptilation can streamline financial transactions by reducing paperwork associated with payment confirmations.
- In commercial agreements, recognizing acceptilation can enhance trust and efficiency between parties.