In the accompanying figure, item 3 points to the ____.
Definitions:
Liquidated Debt
A debt with a specific, fixed amount that has been agreed upon by all parties involved.
Accord
An agreement in law where two parties agree to settle a dispute by one party fulfilling a condition offered by the other.
Satisfaction
The fulfillment or discharge of an obligation such as a debt or the performance of a contract, or a feeling of fulfillment from achieving one's desires or requirements.
Debt
Money owed by one party, the debtor, to another, the creditor, typically arising from a transaction of a loan or credit.
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