Settlement
- An agreement that ends a dispute and results in the voluntary dismissal of any related litigation. ...
- In business law, the payment, satisfaction, and closing of an account.
- In wills and estates, the complete execution of an estate by the executor.
Full Answer
What are the characteristics of a settlement?
- Size: As a rule, in the same country and at the same period, the size of an urban community is much larger than that of a rural community.
- Density of population: ADVERTISEMENTS:
- Family:
- Marriage:
- Occupation:
- Class extremes:
- Social heterogeneity:
- Social distance:
What is a good sentence with settlement?
use "settlement" in a sentence The government of Tunisia supports the peaceful settlement of conflicts, and dialog in its relations with foreign powers. A peace settlement in the Middle East would be a major triumph for American diplomacy. The last ice age had a profound effect upon the settlement patterns of man.
What is a good settlement amount?
What is a good settlement amount? Very roughly, if you think that you have a 50% chance of winning at trial, and that a jury is likely to award you something in the vicinity of $100,000, you might want to try to settle the case for about $50,000.
What does a settlement mean?
Settlement. verb. : Providing repetitive help to a struggling person or group of people with something for which they should be able to help themselves. derivation: in reference to the incessant and annoying requests for help defending weak settlements made by Preston Garvey in the video game Fallout 4.
What is an example of a settlement?
An example of a settlement is when divorcing parties agree on how to split up their assets. An example of a settlement is when you buy a house and you and the sellers sign all the documents to officially transfer the property. An example of settlement is when the colonists came to America.
What are settlements meaning?
Definition of settlement 1 : the act or process of settling. 2a : an act of bestowing or giving possession under legal sanction. b : the sum, estate, or income secured to one by such a settlement. 3a : occupation by settlers. b : a place or region newly settled.
What is the meaning full settlement?
Related Definitions Full Settlement means: Funds paid by the Buyer for the Supplies when, and only when credited to the Company's Bank Account.
What is a money settlement?
Key Takeaways. A cash settlement is a settlement method used in certain futures and options contracts where, upon expiration or exercise, the seller of the financial instrument does not deliver the actual (physical) underlying asset but instead transfers the associated cash position.
What are the 4 types of settlements?
The four main types of settlements are urban, rural, compact, and dispersed.
What are the 5 types of settlements?
There are 5 types of settlement classified according to their pattern, these are, isolated, dispersed, nucleated, and linear.
What is a final settlement?
Final settlement often refers to a settlement agreement, which is an agreement to some resolution of the dispute and to stop future litigation. Final settlements differ depending on what the parties negotiate.
What is legal settlement?
1. An agreement that ends a dispute and results in the voluntary dismissal of any related litigation. Regardless of the exact terms, parties often choose to keep their settlement agreements private.
How do I make a final settlement?
Full and Final Settlement commonly known as FnF process is done when an employee is leaving the organization. At this time, he/she has to get paid for the last working month + any additional earnings or deductions. The procedure has to be carried out by the employer after the employee resigns from their services.
How do settlements work?
A settlement agreement works by the parties coming to terms on a resolution of the case. The parties agree on exactly what the outcome is going to be. They put the agreement in writing, and both parties sign it. Then, the settlement agreement has the same effect as though the jury decided the case with that outcome.
How long does it take to get paid after a settlement?
While rough estimates usually put the amount of time to receive settlement money around four to six weeks after a case it settled, the amount of time leading up to settlement will also vary. There are multiple factors to consider when asking how long it takes to get a settlement check.
How do I find out how much my settlement is?
After your attorney clears all your liens, legal fees, and applicable case costs, the firm will write you a check for the remaining amount of your settlement. Your attorney will send you the check and forward it to the address he or she has on file for you.
What are the three types of settlement?
Settlement Types There are generally three types of settlements: compact, semi-compact, and dispersed.
What does settlement mean in law?
1. An agreement that ends a dispute and results in the voluntary dismissal of any related litigation. Regardless of the exact terms, parties often choose to keep their settlement agreements private. 2. In business law, the payment, satisfaction, and closing of an account.
What does settlement mean in real estate?
What is settlement? Property settlement is a legal process that is facilitated by your legal and financial representatives and those of the seller. It's when ownership passes from the seller to you, and you pay the balance of the sale price. The seller sets the settlement date in the contract of sale.
What is the meaning of human settlement?
Human Settlement means cluster of dwellings of any type or size where human beings live. For this purpose, people may erect houses and other structures and command some area or territory as their economic support-base.
What is a settlement?
A settlement is a place where people live. It can range in size from an isolated dwelling to a million city. The site of a settlement is the location where it is built. It describes the physical nature of where a settlement is located. Factors such as water supply, defence, quality of soil, building materials, climate, ...
What factors were taken into account when establishing settlements in the past?
Factors such as water supply, defence, quality of soil, building materials, climate, shelter and defence were all taken into consideration when establishing settlements in the past. The situation of a settlement is the description of the settlement in relation to physical features around it and other settlements.
What is a settlement?
settlement. A settlement is a colony or any small community of people. If a bunch of people build houses on the moon together, they’ll have the first lunar settlement. A settlement is also the resolution of something such as a lawsuit. One kind of settlement is a place where people live. This can be a community that's smaller than a town, ...
What is the definition of settlement?
Definitions of settlement. noun. the act of colonizing; the establishment of colonies. synonyms: colonisation, colonization. see more. see less. types: population. the act of populating (causing to live in a place)
What happens when a lawsuit is settled?
A lawsuit is ended if there's a settlement — both parties make an agreement that often involves money. A settlement brings closure and resolution.
What is one kind of settlement?
One kind of settlement is a place where people live. This can be a community that's smaller than a town, like a village. Also, if one country establishes a colony somewhere else, that can be called a settlement. The other kind of settlement happens when something is settled, like the end of a disagreement.
What is a communal village?
a communal village built by Native Americans in the southwestern United States. type of: geographic area, geographic region, geographical area, geographical region. a demarcated area of the Earth. noun. something settled or resolved; the outcome of decision making. “they finally reached a settlement with the union”.
What is a plantation colony?
a newly established colony (especially in the colonization of North America) proprietary colony. a colony given to a proprietor to govern (in 17th century) type of: body. a group of persons associated by some common tie or occupation and regarded as an entity.
What is the name of the former Dutch colony in South America?
Demerara. a former Dutch colony in South America; now a part of Guyana. Rock of Gibraltar. location of a colony of the United Kingdom on a limestone promontory at the southern tip of Spain; strategically important because it can control the entrance of ships into the Mediterranean; one of the Pillars of Hercules.
What is a settlement?
A settlement is a place where people live. A settlement could be anything from an isolated farmhouse to a mega city (settlement with over 10 million people).
What are temporary settlements?
Temporary settlements include things such as refugee camps. Some temporary settlements have become permanent over time such as the Rochina, the largest favela in Rio de Janeiro, Brazil. The reason why a settlement developed in the first place is said to be its function.
When does a settlement take place?
Settlement may occur before or during the early stages of a trial. In fact, simple settlements regularly take place before a lawsuit is even filed. In complex litigation, especially Class Action suits or cases involving multiple defendants, a settlement requires court approval.
What is a settlement agreement?
Typically, it occurs when the defendant agrees to some or all of the plaintiff's claims and decides not to fight the matter in court. Usually, a settlement requires the defendant to pay the plaintiff some monetary amount. Popularly called settling out of court, a settlement agreement ends the litigation.
How much did the average settlement amount in 2015 cost?
The average settlementsize rose to $37.9 million in 2015, up from $17 million in 2014, while the median settlementrange saw little change--$6.1 million in 2015 compared to $6 million the prior year.
What does a defendant's attorney do?
The defendant's attorney will evaluate the plaintiff's claim. If the plaintiff has a strong case and the attorney believes defendant is likely to lose, the attorney may recommend that the defendant settle the case. By settling, the defendant avoids the financial cost of litigating the case.
How many km were settlement meters?
The settlementmeters were set up from 24 + 400 km to 24 + 405 km, which were semifilling and semi-excavating subgrades (Figure 2(a)).
Why are trials so expensive?
Trials are often extremely expensive because of the amount of time required by attorneys, and even alternatives to trials, such as mediation and Arbitration, can be costly. In deciding whether to settle a claim, attorneys act as intermediaries. The parties to the suit must decide whether to offer, accept, or decline a settlement.
How do civil lawsuits work?
Civil lawsuits originate when a claimant decides that another party has caused him or her injury and files suit. The plaintiff seeks to recover damages from the defendant. The defendant's attorney will evaluate the plaintiff's claim. If the plaintiff has a strong case and the attorney believes defendant is likely to lose, the attorney may recommend that the defendant settle the case. By settling, the defendant avoids the financial cost of litigating the case. Trials are often extremely expensive because of the amount of time required by attorneys, and even alternatives to trials, such as mediation and Arbitration, can be costly. In deciding whether to settle a claim, attorneys act as intermediaries. The parties to the suit must decide whether to offer, accept, or decline a settlement.
Where does settlement take place?
Nowadays, settlement typically takes place in a central securities depository.
What is settlement of securities?
Settlement of securities is a business process whereby securities or interests in securities are delivered, usually against ( in simultaneous exchange for) payment of money, to fulfill contractual obligations , such as those arising under securities trades.
What are the two goals of electronic settlement?
Immobilisation and dematerialisation are the two broad goals of electronic settlement. Both were identified by the influential report by the Group of Thirty in 1989.
How does electronic settlement work?
If a non-participant wishes to settle its interests, it must do so through a participant acting as a custodian. The interests of participants are recorded by credit entries in securities accounts maintained in their names by the operator of the system . It permits both quick and efficient settlement by removing the need for paperwork, and the simultaneous delivery of securities with the payment of a corresponding cash sum (called delivery versus payment, or DVP) in the agreed upon currency.
How long does it take to settle a stock?
In the United States, the settlement date for marketable stocks is usually 2 business days or T+2 after the trade is executed, and for listed options and government securities it is usually 1 day after the execution. In Europe, settlement date has also been adopted as 2 business days after the trade is executed.
What is clearing in a settlement?
A number of risks arise for the parties during the settlement interval, which are managed by the process of clearing, which follows trading and precedes settlement. Clearing involves modifying those contractual obligations so as to facilitate settlement, often by netting and novation .
What was the weakness of paper based settlement?
In the United Kingdom, the weakness of paper-based settlement was exposed by a programme of privatisation of nationalised industries in the 1980s, and the Big Bang of 1986 led to an explosion in the volume of trades, and settlement delays became significant.
The procedure of a settlement conference
Both the parties in a settlement conference will provide a brief background about the dispute to the judge so they can help in resolving the case. The judge will then meet the attorneys of the parties separately and listen to their part of the case. This section of the settlement conference is not always attended by the parties themselves.
Purpose of a settlement conference
The main purpose of a settlement conference is to save the cost and time of both the parties and the court by encouraging them to reach an out-of-court settlement and avoid going for a trial.
Who manages the settlement conference?
The settlement conference is conducted by the provincial court judge. However, if the judge couldn’t reach the settlement in a lawsuit, then a trial judge will hear the case who will not be the same who heard the case at a settlement conference.
Why are settlement conferences required?
Settlement conferences are good to settle small claims issues and lawsuits that don’t require open court hearings or trial dates. Except for the cases where the motor vehicle accidents caused property damage.
Who should attend the settlement conference
The parties involved such as claimants/plaintiffs, defendants, and any other involved third party must attend the settlement conference.
Options to consider after a settlement conference
After the arguments and personal meetings between lawyers from both sides and the judge, if the case reaches a settlement, then a judge would immediately issue an order listing down the terms of the settlement.
What is a Class Action Settlement?
A class action settlement is reached when both parties in a class action lawsuit have decided that they no longer want to continue litigating the allegations in the class action lawsuit and want to settle the lawsuit, typically with a monetary benefit to the Class.
Filing a Claim & Proof of Purchase
Typically, Class Members will be required to file a claim with the Settlement Administrator if they hope to benefit from the class action settlement. In some cases, Class Members will be required to provide proof of purchase in order to benefit or at least to receive the maximum benefit available.
Important Deadlines
There are several important deadlines to pay attention to when participating in a class action settlement:
What is the tax rule for settlements?
Tax Implications of Settlements and Judgments. The general rule of taxability for amounts received from settlement of lawsuits and other legal remedies is Internal Revenue Code (IRC) Section 61 that states all income is taxable from whatever source derived, unless exempted by another section of the code. IRC Section 104 provides an exclusion ...
What is employment related lawsuit?
Employment-related lawsuits may arise from wrongful discharge or failure to honor contract obligations. Damages received to compensate for economic loss, for example lost wages, business income and benefits, are not excludable form gross income unless a personal physical injury caused such loss.
Is a settlement agreement taxable?
In some cases, a tax provision in the settlement agreement characterizing the payment can result in their exclusion from taxable income. The IRS is reluctant to override the intent of the parties. If the settlement agreement is silent as to whether the damages are taxable, the IRS will look to the intent of the payor to characterize the payments and determine the Form 1099 reporting requirements.
How many people live in a settlement?
Throughout most of human history, very few settlements could support a population greater than 150 people.
What is settlement hierarchy?
e. A settlement hierarchy is a way of arranging settlements into a hierarchy based upon their population or some other criteria. The term is used by landscape historians and in the National Curriculum for England.
What is the name of the city with a population of over one billion?
Eperopolis - incorporated gigacities in excess of one billion population, in which the entire continental region is an unbroken continuum of human settlements.
How does a settlement affect its hierarchy?
A settlement's population size, its geographic area, its status and the availability of services can all affect this hierarchy. Position in a settlement hierarchy can also depend on the sphere of influence. This is how far people will travel to use the services in the settlement: if people travel further the town becomes more important and ranks higher in the settlement hierarchy.
What is a village?
Village or Tribe - a village is a human settlement or community that is larger than a hamlet but smaller than a town. The population of a village varies; the average population can range in the hundreds. Anthropologists regard the number of about 150 specimens for tribes as the maximum for a functioning human group.
Where does status come from?
Status can derive from being the residence of a King or high-ranking member of the nobility or from being the location of a major religious establishment. A formal hierarchy of settlements, known as a multiple estate appears to have been common in 10th century England.
Which city in the United States had the first population of one million?
Medium income exceeds national average. The first city in recorded history to reach a population of one million residents was Ancient Rome in 133 B.C. During the Second Industrial Revolution, London, England reached the mark in 1810 and New York City, United States made it in 1875.
