Satisfied Term

A term of years In land is thus called when the purpose for which it was created has been satisfied or executed before the expiration of the set period.

— Satisfied terms aet. The statute 8 & 9 Viet. c. 112, passed to abolish satisfied outstanding terms of years in land. By this act, terms which shall henceforth become attendant upon the inheritance, either by express declaration or construction of law, are to cease and determine. This, in effect, abolishes outstanding terms. 1 Steph. Comm. 380-382; Williams, Reni Prop, pt. 4, c. 1,