MLchartDataset catalogue

Payment in full

Term · Law · MLC-T-LAW-003674

The complete discharge of a debt or obligation by remitting the entire amount owed. When a payment is designated as 'payment in full,' it signifies that the payer believes no further amount is due. This can sometimes lead to disputes if the payee believes a balance remains.

Table 1. Record
IdentifierMLC-T-LAW-003674
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-003674",
  "term": "Payment in full",
  "field": "Law",
  "definition": "The complete discharge of a debt or obligation by remitting the entire amount owed. When a payment is designated as 'payment in full,' it signifies that the payer believes no further amount is due. This can sometimes lead to disputes if the payee believes a balance remains.",
  "url": "https://mlchart.com/terminology/law/payment-in-full/"
}

Record 3,677 of 5,439 in Law terminology (MLC-0107). Request the full dataset.