Though the definition of an Aggregate Settlement is debated, it simply is the settlement of two or more cases with a fixed or capped lump sum of money, so that the recovery amount of each settling individual is interdependent with the recovery amount of the others.
What is aggregate sentencing?
Original Sentence: The sentence comes from the original conviction. It is from this sentence that the board paroles the inmate and the parolee serves the remaining time in the community unless recommitted by the board. Aggregate Sentence: Two or more consecutive sentences that have been combined.
What is aggregate transaction?
What is an aggregated transaction? “Aggregated” transactions, on the other hand, involve multiple transactions ALL of which are 1) below the reporting requirements ($10,000); AND, 2) where at least one of the transactions was a teller transaction; AND, 3) the bank did not identify any of the individuals conducting the related transactions.
What are aggregate loans?
When you hear the term aggregate loans, it means the grand total of all your outstanding loan obligations. The term aggregate loans can be used to describe a number of scenarios. It can mean total loans to one borrower in a single financial institution. It can denote all loans to an individual across several financial institutions.
Is aggregate demand a specific dollar amount?
No, aggregate demand refers to the quantity demanded of Real GDP at different price levels. Aggregate demand is not a specific dollar amount. It is a schedule that shows the Real GDP that people are willing to buy at different price levels. What is Aggregate Demand?
What is an aggregate settlement?
An aggregate settlement is one in which individual plaintiffs, not a part of a class, all have their claims settled at the same time. These types of situations often occur when there has been a mass tort, or a putative defendant has allegedly wronged a large group of individuals in a similar way.
What does it mean to be entitled to a settlement?
If you have been injured due to someone else's wrongdoing, you have the right to pursue compensation. These funds can cover the medical bills, lost wages and pain and suffering that you have suffered due to your injuries.
How do you ask for more money in a settlement?
Send a Detailed Demand Letter to the Insurance Company Because the insurance company will likely reply with an offer for an amount lower than what you've asked for in the demand letter, you should ask for between 25 and 100 percent more than what you would be willing to settle for.
What is the highest workers comp settlement?
This year, Los Angeles workers' compensation attorney Harry Samarghachian, a partner with Rose Klein & Marias, secured a settlement of $11.3 million for his client who suffered a catastrophic traumatic brain injury. This marked California's largest workers' compensation settlement in history.
How does the settlement process 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.
What happens after you agree to a settlement?
After a case is settled, meaning that the case did not go to trial, the attorneys receive the settlement funds, prepare a final closing statement, and give the money to their clients. Once the attorney gets the settlement check, the clients will also receive their balance check.
What is the purpose of a settlement agreement?
A settlement agreement is a type of legal contract that helps to resolve disputes among parties by coming to a mutual agreement on the terms. Primarily used in civil law matters, the settlement agreement acts as a legally binding contract. Both parties agree to the judgment's outcome in advance.
How do settlement agreements work?
A settlement agreement might involve your employer promising to pay you a sum of money, stop treating you unlawfully or both. The settlement agreement is a legal contract between you and your employer - you both have to stick to it. Your employer is likely to want you to keep the agreement confidential.
What is aggregate adjustment?
The aggregate adjustment is typically a credit provided to the buyer on the settlement statement, which means the amount collected exceeded what was allowed pursuant to the above regulation.
What is the real estate settlement procedure act?
The Real Estate Settlement Procedures Act (Regulation X) protects consumers when they apply for and have a mortgage loan. Section 1024.17, entitled “Escrow Accounts” limits payments to escrow accounts upon creation.
