What are the 4 types of settlements?
hamlets are are tiny settlements - they are just a collection of houses, perhaps centered around a few farms and maybe without even a shop; villages are small settlements - several hundred people live in them and they have: a few shops, a place of worship and maybe a school too; towns are medium-sized settlements - thousands of people live in them and they have a shopping centre and factories;
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 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 the legal definition of settlement?
Settlement definition law is used in civil suits where an agreement is issued to prevent the civil litigation from proceeding through the court system. This agreement is referred to as a settlement. When a settlement in civil litigation occurs, the defendant is agreeing to some of the claims made by the plaintiff and is deciding not to go through the process of litigation in court.
Whats the definition for settlement?
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 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 is a settlement answer?
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.
What does settlement mean in finance?
Settlement involves the delivery of securities or cash from one party to another following a trade. Payments are final and irrevocable once the settlement process is complete. Physically settled derivatives, such as some equity derivatives, require securities to be delivered to central securities depositories.
What are the 3 types of settlements?
Settlement Types There are generally three types of settlements: compact, semi-compact, and dispersed. Each is based on its population density.
What are the 4 types of settlements?
The four main types of settlements are urban, rural, compact, and dispersed.
Why are settlements important?
The function of a settlement helps to identify the economic and social development of a place and can show its main activity. Most large settlements have more than one function though in the past one function was maybe the most important in defining the success and growth in importance of the settlement.
What is a settlement 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 are the 2 types of settlement?
Settlement is a place where people live and carry out various economic activities on a relatively permanent basis. It can be divided into two types: rural settlement and urban settlement. The two types of settlement are differentiated by their size, density of population and employment pattern.
How is settlement amount calculated?
The settlement amount is calculated by adding back the accrued interest on the clean price and then multiplying by the face value.
What is bank settlement process?
Settlement can be defined as the process of transferring of funds through a central agency, from payer to payee, through participation of their respective banks or custodians of funds.
What happens during the settlement period?
Settlement, or completion, is the final process in the sale of a property that takes place after the seller and buyer exchange contracts of sale. It all culminates on settlement day when the title is transferred to the buyer and they take physical and legal ownership of the property.
What are the two types of settlement?
Settlements can broadly be divided into two types – rural and urban.
What is a settlement 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.
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.
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. 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 settlement in a city?
What is a settlement? A settlement is a place where people live. Settlements can be as small as a single house in a remote area or as a large as a mega city (a city with over 10 million residents). A settlement may be permanent or temporary.
Is a temporary settlement permanent?
A settlement may be permanent or temporary. An example of a temporary settlement is a refugee camp. However, a temporary settlement may become permanent over time. This has happened to many refugee camps that have been built in conflict zones.
Urban Settlements
Urban settlements, or urbanized areas, are the most populated of the settlement types and usually consist of the largest land area. Urban areas are the most developed of the different types, with advanced infrastructure and many buildings. Urbanized areas are densely populated, mostly non-agricultural areas.
Rural Settlements
The designation of rural settlement status depends on the nation and government that a settlement is in. Rural settlements are smaller populated areas outside of urban areas that have a large amount of agriculture involved in the settlement.
Compact Settlements
Settlements that are close together are called compact settlements, and they can be rural or urban settlements based on how the settlement was designed. Compact settlements consist of structures that were closely built together with residential and commercial areas being zoned away from the agriculture or the environment.
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 Purpose Does a Settlement Agreement Have?
A lot of civil lawsuits end up in a settlement agreement. The settlement keeps both parties from spending resources to have a large trial. With a settlement, one party agrees to complete an action or pay a certain amount in exchange for the other party to stop the legal proceedings.
Why do settlement agreements save time?
The settlement often saves clients time and money because they are formed through mediation practices and not through a trial. However, the judge has the final say on a settlement agreement.
What happens if you settle a car insurance claim?
In the case of a car insurance claim, the insurance company would likely send their representatives with a settlement amount that is below what the plaintiff is asking. Insurance policies have a maximum payout that they will allow based on the maximum amount in the policy. Even if the plaintiff’s damages are worth the maximum amount from the insurance company, they may try to come in and settle at a fraction of the amount.
Why are negotiations necessary?
Negotiations are necessary in order to find an agreement among certain provisions. Many of the negotiations that go on between the parties are handled by mediators. Mediators are impartial third parties that assist two disputing parties in resolving their conflicts through the use of special communication and negotiation techniques.
What to do if you are on the receiving end of a settlement offer?
If you are on the receiving end of a settlement offer, your legal team can help you understand the language used in it. You will want to ensure that the settlement is clear and concise. The information in the settlement is legally binding once it is signed. Once the agreement has been made between two parties, the draft can be submitted to the court for approval.
What is a proper motion for modification in a settlement?
Proper motions have to be filed for a modification in a settlement. The party seeking the modification will be required to show that a significant change in circumstance has occurred, and the contract should be modified.
Can a court enforce a settlement agreement?
Once a settlement agreement has been approved by the court and signed by both parties, the court can enforce it. The court does not have the power to enforce settlement agreements once the case has been dismissed. The court may adopt the agreement and incorporate it into a judgment or decree for the case, but the court cannot add to the terms of the agreement. The court’s only obligation is to enforce contracts made, not to make them for the parties in the case.
What Is a Settlement Bank?
A settlement bank is the last bank to receive and report the settlement of a transaction between two entities. It is the bank that partners with an entity being paid, most often a merchant. As the merchant’s primary bank for receiving payment, it can also be referred to as the acquiring bank or the acquirer .
Why do merchants partner with settlement banks?
Merchants partner with a settlement bank to ensure efficient settlement of transactions in electronic payment processing. To facilitate electronic transactions, the merchant must first open a merchant account and sign an agreement with an acquiring bank detailing terms for processing and settlement of transactions for the merchant.
What is interbank settlement?
Often times, the payer of a transaction will be a customer of a different bank from the receiver, and so an interbank settlement process must occur. A settlement bank also provides merchant services to businesses such as transaction processing.
What is a payment brand network?
The payment brand network contacts the cardholder’s bank, also known as the issuing bank to ensure that funds are available. If available funds are deducted and sent through the processing network to the settlement bank which settles the transaction for the merchant. The settlement bank will typically deposit funds into ...
Why is it important for merchants to have good relationships with settlement banks?
With a significant majority of customers seeking to make electronic payments, it is important that merchants have good relationships with processing entities including settlement banks to ensure a fast and efficient payments system for their business and their clients .
How long does it take for a bank to settle a transaction?
The settlement bank will typically deposit funds into the merchant’s account immediately. In some cases, settlement may take 24 to 48 hours. The settlement bank provides settlement confirmation to the merchant when a transaction has cleared. This notifies the merchant that funds will be deposited in their account.
Can a customer use a settlement bank?
When a customer chooses to purchase with a merchant using electronic payment, the customer’s card must be in compliance with the settlement bank which means it must be acceptable for processing through the settlement bank’s processing network. Settlement banks typically have relationships with all of the major processing networks, including Visa, Mastercard, Discover, and American Express. However, they may be restricted to only a single processor based on the terms of the agreement.
What Is a Settlement Date?
The settlement date is the date when a trade is final, and the buyer must make payment to the seller while the seller delivers the assets to the buyer. The settlement date for stocks and bonds is usually two business days after the execution date (T+2). For government securities and options, it's the next business day (T+1). In spot foreign exchange (FX), the date is two business days after the transaction date. Options contracts and other derivatives also have settlement dates for trades in addition to a contract's expiration dates .
What causes the time between transaction and settlement dates to increase substantially?
Weekends and holidays can cause the time between transaction and settlement dates to increase substantially, especially during holiday seasons (e.g., Christmas, Easter, etc.). Foreign exchange market practice requires that the settlement date be a valid business day in both countries.
How far back can a forward exchange settle?
Forward foreign exchange transactions settle on any business day that is beyond the spot value date. There is no absolute limit in the market to restrict how far in the future a forward exchange transaction can settle, but credit lines are often limited to one year.
How long does it take for a stock to settle?
Most stocks and bonds settle within two business days after the transaction date . This two-day window is called the T+2. Government bills, bonds, and options settle the next business day. Spot foreign exchange transactions usually settle two business days after the execution date.
How long does it take to settle a stock trade?
Historically, a stock trade could take as many as five business days (T+5) to settle a trade. With the advent of technology, this has been reduced first to T=3 and now to just T+2.
How long does it take for life insurance to be paid?
If there is a single beneficiary, payment is usually within two weeks from the date the insurer receives a death certificate.