Compromise – an agreement between two or more persons to settle matters in dispute between them in which each party surrenders somethings in concession to the other

compromise:
n. (15c)

1. An agreement between two or more persons to settle matters in dispute between them; an agreement for the settlement of a real or supposed claim in which each party surrenders somethings in concession to the other. — aka compromise and settlement.  See COMPOSITION (1).

2. A debtor’s partial payment coupled with the creditor’s promise not to claim the rest of the amount due or claimed.compromise. vb. [1]

1. An agreement to terminate, by means of mutual concessions, a controversy over a claim which is disputed in good faith or unliquidated. 15 Am J2d Compr § 1. [2]

1. An agreement to end, by means of mutual concessions, a controversy over a claim that is disputed in good faith. [3]

References:

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[1]: Black’s Law Dictionary Deluxe Tenth Edition by Henry Campbell Black, Editor in Chief Bryan A. Garner. ISBN: 978-0-314-61300-4

[2]: Ballantine’s Law Dictionary with Pronunciations
Third Edition by James A. Ballantine (James Arthur 1871-1949).  Edited by William S. Anderson.  © 1969 by THE LAWYER’S CO-OPERATIVE PUBLISHING COMPANY.  Library of Congress Catalog Card No. 68-30931

[3]: Ballantine’s Law Dictionary Legal Assistant Edition by Jack Ballantine (James Arthur 1871-1949).  Doctored by Jack G. Handler, J.D. © 1994 Delmar by Thomson Learning.  ISBN 0-8273-4874-6.

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