What is ACQUITTANCE?

The final premium payment and discharge of a fully paid loan documented by a receipt from the mortgagee.

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Related Legal Terms
MINIMUM DOWN PAYMENT, FULLY PAID POLICY, JUNIOR CLAIM, BONUS, RECORD MANAGEMENT, AMORTIZED LOAN, PAID-UP POLICY, PRICE LEVEL ADJUSTED MORTGAGE (PLAM), N VOUCHER, BALLOON NOTE


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