Satisfaction Law and Legal Definition
In common parlance the term satisfaction means the fulfillment of a need or desire; or the pleasure obtained by such fulfillment. In legal parlance it means the discharge of an obligation by a party by paying what is due to the other party or by satisfying the award or judgment made by a court. The term satisfaction when used in relation to mortgage means a discharge signed by the mortgagee or holder of the mortgage indicating that the property subject to mortgage is released and that all terms and conditions of the mortgage have been satisfied.
The following is an example of a case law defining satisfaction:"Satisfaction" is state of mind and may be proved by declarations showing such state when asserted. [Newell Contracting Co. v. Lacy, 229 Ala. 208 (Ala. 1934)]
