Definitions

1. noun

A formal or official document that confirms a debt has been paid or a financial obligation has been fulfilled.

“The accountant presented her client with a quittance for the outstanding balance.”

2. noun

The act or state of being free from debt or financial obligation.

“The couple’s quittance from their mortgage allowed them to invest in their children’s education.”

3. noun

A release from a duty, obligation, or responsibility.

“The court’s quittance of the defendant’s sentence was met with widespread approval.”

4. verb

To pay off or discharge a debt or financial obligation.

“The company was able to quittance its outstanding loans through a successful IPO.”