acquittance

[uh-kwit-ns]
noun
1.
the act of acquitting.
2.
the discharge of a debt or obligation.
3.
a document or receipt as evidence of the discharge of a debt or obligation.

Origin:
1300–50; Middle English aquitance < Old French. See acquit, -ance

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World English Dictionary
acquittance (əˈkwɪtəns)
 
n
1.  a release from or settlement of a debt, etc
2.  a record of this, such as a receipt

Collins English Dictionary - Complete & Unabridged 10th Edition
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Example sentences
Payment shall act as total acquittance and shall completely discharge the county treasurer from any liability.
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