The spelling of the word "acquittance" can be a bit tricky due to its unusual pronunciation. To be specific, it is pronounced as /əˈkwɪt(ə)ns/, which means the first syllable is pronounced with a schwa sound, followed by the stress on the second syllable. The final syllable also has a silent "e". Remembering this pronunciation helps in the correct spelling of the word. "Acquittance" refers to a legal document that confirms the discharge of a financial obligation, such as a loan or mortgage payment.
Acquittance is a noun that refers to a formal written release or discharge from a debt, obligation, or duty. It is a document or receipt that serves as evidence of payment or settlement of a debt or obligation. This term is commonly used in legal and financial contexts.
A typical acquittance document includes details such as the names of the parties involved, the amount of debt or obligation, the date of payment or settlement, and any relevant terms and conditions. It is often signed or stamped by the creditor or a designated authority to acknowledge the receipt of payment or satisfaction of the debt.
The purpose of an acquittance is to legally and officially clear the debtor from any further liability or obligation associated with the debt. It provides proof that the payment or settlement has been made in full and relieves the debtor from any legal claims or demands by the creditor.
The term "acquittance" can also refer to the act of releasing or discharging a person from a debt or obligation. It highlights the importance of providing a formal documentation to ensure clarity and finality in financial transactions. The use of acquittance in legal agreements and financial transactions adds security and transparency by providing a tangible record of the discharge or release of a debt or obligation.
A release from a debt; the writing or receipt to show this.
Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.
The word "acquittance" originated from the Old French term "acquitance", which itself derived from the verb "acquitter". In Old French, "acquitter" meant "to set free, release, or discharge". It was formed by combining the prefix "a-" (meaning "to" or "towards") with the noun "quitte" (meaning "discharged" or "free from"). This noun "quitte" was derived from the Latin verb "quiescere", meaning "to rest" or "to be quiet". Over time, "acquite" evolved into "acquittance", referring to a written document or receipt that officially indicates the discharge of a debt or obligation.