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satisfice (v.)

1560s, "to satisfy" (implied in satisficed), altered of satisfy by influence of its Latin root satisfacere. A Northern English colloquial word; modern use from c. 1956 may be an independent formation. Related: Satisficing.

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Definitions of satisfice from WordNet

satisfice (v.)
decide on and pursue a course of action satisfying the minimum requirements to achieve a goal;
optimization requires processes that are more complex than those needed to merely satisfice
Synonyms: satisfise
From wordnet.princeton.edu