Definition, Meaning & Synonyms
quitacao
noun
/kitəˈsɒn/
Definition
settlement or payment, particularly in the context of fulfilling a financial obligation.
Examples
- The quitacao of the mortgage was finalized last month.
- After the quitacao of the loan, the borrower received a confirmation letter.
- The accountant prepared the documents related to the quitacao of outstanding invoices.
Meaning
The act of settling a debt or obligation, often related to financial dealings or contracts.
Synonyms
- settlement
- payment
- discharge
- fulfillment