Acquittance

Definition:

A written document which releases a second party from any financial or other liability. An example of an acquittance would be a receipt indicating payment in full.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Mortgage life insurance

A life insurance policy that pays off the remaining balance of the insured person's mortgage at death.

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