The settlements had many things common amongst them. First they all wanted to obtain their own valuable colonies. Also they were all in search of an easy and direct trade route to the pacific ocean and Asia when they settled.
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How do structured settlements work?
In a structured settlement, the defendant agrees to pay you in a series of payments; this is known as an annuity plan. The payments may continue for several years, or even the rest of your life. The precise arrangement of these types of settlements, i.e., the amounts of payments, and how often the payments occur, will vary from case to case.
What are the different types of personal injury settlements?
A lump sum settlement is the most basic types of settlements, and most payments in personal injury cases take this form. As the name suggests, it involves the defendant in the personal injury case paying you (the plaintiff) a single sum of money, which constitutes the entire settlement.
What are dispersed settlements?
Dispersed settlements are also known as isolated settlements or scattered settlements. Dispersed settlements are the least populated of the types of settlements and are located in regions of a country that are remote or far away from other settlements of any type.
What are the disadvantages of a structured settlement?
However, a structured settlement also comes with some potential disadvantages as well. If the party paying you the structured settlement goes bankrupt before paying you everything you are owed, you would lose a large portion of that money.
What were the first 3 settlements in America?
The invasion of the North American continent and its peoples began with the Spanish in 1565 at St. Augustine, Florida, then British in 1587 when the Plymouth Company established a settlement that they dubbed Roanoke in present-day North Carolina.
What are the reasons for settlement?
Climatic, Economic, Physical, and Traditional Factors In order to better categorize which factors ultimately affect settlement, geographers have generally accepted four umbrella terms to describe these elements: climatic, economic, physical, and traditional.
What were the first settlements in North America?
What were the first three settlements in America? The first settlements in North America were: Vineland by the Vikings, St. Augustine by the Spanish, and Roanoke by the British.
What was the second English settlement in America?
In 1620, a group of Puritans established a second permanent colony on the coast of Massachusetts.
What is settlement example?
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. noun. 8.
What are the types of settlement?
The four main types of settlements are urban, rural, compact, and dispersed. Urban settlements are densely populated and are mostly non-agricultural. They are known as cities or metropolises and are the most populated type of settlement. These settlements take up the most land, resources, and services.
Who colonized South Africa?
The two European countries who occupied the land were the Netherlands (1652-1795 and 1803-1806) and Great Britain (1795-1803 and 1806-1961).
Who settled America first?
Five hundred years before Columbus, a daring band of Vikings led by Leif Eriksson set foot in North America and established a settlement.
Who found America?
Christopher ColumbusChristopher Columbus is credited with discovering the Americas in 1492.
How many colonies are there?
Thirteen ColoniesThirteen ColoniesThe Thirteen Colonies• Independence declared1776• Treaty of Paris1783Population• 16251,98030 more rows
What is a colony in history?
A colony is a country or area under the full or partial political control of another country, typically a distant one, and occupied by settlers from that country.
What is colonial period in history?
Colonial period (a period in a country's history where it was subject to management by a colonial power) may refer to: Colonial Chile. Spanish conquest of Guatemala. Viceroyalty of Peru. Colonial history of the United States.
What were the main reasons for settling the 13 colonies?
They were founded for a diverse range of reasons, from the pursuit of fortunes to the desire to create havens from persecution and model societies, and had differing systems of governance. The colonies' inhabitants—an estimated 2.5 million when the Revolution began—varied greatly as well.
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 settle a case mean?
: to end a lawsuit before the court makes a decision about it They agreed to pay $100,000 to settle the lawsuit.
Does settling mean guilty?
Lack of Guilt: When a claim is settled out of court, it means that neither party admitted to any wrongdoing and therefore, that neither party can be found “guilty.” Settling out of court essentially allows the other party to pay for his or her misconduct without assuming legal liability.
What is lump sum settlement?
A lump sum settlement is the most basic types of settlements, and most payments in personal injury cases take this form. As the name suggests, it involves the defendant in the personal injury case paying you (the plaintiff) a single sum of money, which constitutes the entire settlement.#N#Lump sum settlements are beneficial in that they settle the matter at once. You get all your money without having to wait.#N#As you might guess, though, a lump sum settlement can be quite burdensome on the party paying it, because it may be more than they can pay at once.
What is structured settlement?
In a structured settlement, the defendant agrees to pay you in a series of payments; this is known as an annuity plan. The payments may continue for several years, or even the rest of your life.#N#The precise arrangement of these types of settlements, i.e., the amounts of payments, and how often the payments occur, will vary from case to case.#N#Some structured settlements will involve payments which increase over time to keep pace with inflation. Others will involve payments which decrease over time, if, for instance, a person’s medical bills are also projected to decrease.#N#Some structured settlements also include a lump sum payment which is larger than the others, either at the beginning (i.e., immediately after the case) or at the end (once the other payments have been fulfilled). Some structured settlements may have periodic lump sums that occur at certain intervals within a schedule of smaller monthly payments.#N#You and your attorneys will work out the details of the structured settlement, but depending on the precise nature of your case or your injuries, there are a variety of ways in which things can be made to work for you.
Is structured settlement more common than lump sum?
Structured settlements are less common than lump sum payments, and it’s not very hard to see why.#N#If you have been in an injury, you likely want to recover your damages as soon as possible, and so having your money trickle in over a long period of time might be frustrating. But structured settlements do have a variety of advantages.#N#Perhaps you’ve heard the stories about people who win the lottery and blow through their money in only a few years. Similarly, many people who receive such a lump sum settlement experience this phenomenon, and spend all the money on unnecessary items, purchase items that require expensive upkeep (such as larger homes or high-performance vehicles), or make poor investment choices. We’ve seen this happen several times in our practice; a structured settlement can protect against this.#N#A structured settlement also has certain tax advantages. The longer you leave your settlement money in the bank, the more taxes you will have to pay, because the interest you’re earning on your settlement is taxable, even though the settlement itself is usually not.#N#However, a structured settlement also comes with some potential disadvantages as well. If the party paying you the structured settlement goes bankrupt before paying you everything you are owed, you would lose a large portion of that money. If your injuries are serious and you are deeply in debt, as happens quite often in personal injury cases, you may need the money immediately.
Why were Spanish explorers drawn to the Americas?
The Spanish explorers were drawn to the Americas because of rumors of vast lands filled with gold and silver.
What were the consequences of the slave trade?
The most important consequence of the slave trade in Africa was that numerous cultures lost generations of their fittest members to European traders and plantation owners. Also countless African families were torn apart and many were never reunited. The slaves were unwilling participants in the growth of the colonies and they greatly contributed to economic and cultural development of the Americas. They brought expertise in agriculture as well as their own culture such as music, religion, and food to influence American societies.
What was the result of the French surrendering their North America holdings?
The main result was that the French surrendered their North America holdings as a result British were able to take control of the Eastern half of North America.
What were the common things that the settlements had?
The settlements had many things common amongst them. First, they all wanted to obtain their own valuable colonies. Also they, were all in search of an easy and direct trade route to the pacific ocean and Asia when they settled.
Why might the English have been able to beat the French?
One reason the English might have been able to beat the French they wanted access to their land and they had settlements they wanted to fight for
How did the European colonization affect Native Americans?
Native Americans were deeply impacted when the europeans arrived. The European Colonization brought mostly disaster for the lands original peoples. The Natives over time developed a harsh view of their European Invaders, and the Europeans did the same back.
What was the name of the colony founded by the Dutch in the New World?
A colony founded by the Dutch in the New World. It became New York.
Lump Sum Settlements
Structured Settlements
- In a structured settlement, the defendant agrees to pay you in a series of payments; this is known as an annuity plan. The payments may continue for several years, or even the rest of your life. The precise arrangement of these types of settlements, i.e., the amounts of payments, and how often the payments occur, will vary from case to case. Some s...
Advantages and Disadvantages of Structured Settlements
- Structured settlements are less common than lump sum payments, and it’s not very hard to see why. If you have been in an injury, you likely want to recover your damages as soon as possible, and so having your money trickle in over a long period of time might be frustrating. But structured settlements do have a variety of advantages. Perhaps you’ve heard the stories about people wh…
Which Settlement Will Work Best For You?
- Each case is different, which is why options exist. Your attorney can help you examine your circumstances and review all the options to create a settlement solution that is right for you. At TorkLaw, our attorneys are experienced at assisting clients with settlement decisions. Call us at 888.845.9696 for a FREE consultation.