The Law Dictionary

Featuring Black’s Law Dictionary Free Online Legal Dictionary 2nd Ed.

What is SATISFACTION

The act of satisfying a party by paying what is due to him. (as on a mortgage, lieu, or contract,) or what is awarded to him, by tlie judgment of a court or otherwise. Thus, a judgment is satisfied by the payment of the amount due to the party who has recovered such judgment, or by his levying the amount. See Miller v. Beck, 108 Iowa. 575. 79 N. W. 341; Rivers v. Blom, 103 Mo. 442, 03 S. W. 812; Mazyck v. Coil, 3 Bich. Law (S. C.) 230; Green v. Green, 49 Ind. 423; Bryant v. Fairfield, 51 Me. 152; Armour Bros. Banking Co. v. Addington, 1 Ind. T. 304, 37 S. W. 100. In practice. An entry made oil the record, by which a party in whose favor a judgment was rendered declares that he has been satisfied and paid. In equity. The doctrine of satisfaction in equity is somewhat analogous to performance in equity, but differs from it in this respect: that satisfaction is always something given either in whole or in part as a substitute or equivalent for something else, and not (as in performance) something that may be construed as the identical thing covenanted to be done. Brown.

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