Full Answer
What does it mean to reach a settlement?
Through settlement, the plaintiff (the person filing the lawsuit) agrees to give up the right to pursue any further legal action in connection with the accident or injury, in exchange for payment of an agreed-upon sum of money from the defendant or an insurance company.
What does settlement mean in history?
n. 1. The act or process of settling: the settlement of sediment. 2. a. The settling or establishment of a person or a group of people, as in a new region or in a business. b. A newly colonized region. 3. A small community. 4. a.
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.
What is settlement definition law?
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. 2. In business law, the payment, satisfaction, and closing of an account. 3.
What does settlement mean?
1 : a formal agreement that ends an argument or dispute. 2 : final payment (as of a bill) 3 : the act or fact of establishing colonies the settlement of New England. 4 : a place or region newly settled. 5 : a small village.
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 is a settlement with examples?
The definition of a settlement is an agreement that resolves a dispute, an agreement officially transferring real estate to a new party, or people making a home in a new place where no one has lived before. An example of a settlement is when divorcing parties agree on how to split up their assets.
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 settlement and its types?
Settlements are usually formed around a key resource and have a history from people settling together in a region. The four main types of settlements are urban, rural, compact, and dispersed. Urban settlements are densely populated and are mostly non-agricultural.
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 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 5 types of settlements?
There are 5 types of settlement classified according to their pattern, these are, isolated, dispersed, nucleated, and linear.
What are 2 types of settlements?
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.
What is final settlement?
The full and final settlement consist of clearance of dues towards an employee upon their exit from the company. It includes the salary drawn, leave encashment, reimbursements, variables etc.
What is settlement planning?
A settlement plan is a detailed, comprehensive look at a client's financial situation with specific recommendations designed to help a client be in the best possible financial position after receiving settlement proceeds.
What is a settlement Class 7?
Settlements are places where people build their homes. Settlements can be permanent or temporary. The four major means of transport are roadways, railways, waterways and airways.
What is a settlement Grade 4?
Places to live in: Farm, village, town, city • A place where a group of people live is called a settlement, like farms, villages, towns and cities.
What is a settlement Class 10?
Answer: The way in which people organize themselves and their living spaces in a place is called settlement – that is geographical space people live and work.
What is 12th settlement?
Answer: A human settlement is defined as a place inhabited more or less permanently. It may include temporary camps of hunters or herders and also the permanent settlements called villages, towns, cities, large agglomeration.
Examples of settlement in a Sentence
I got the house in the divorce settlement. The parties have not been able to reach a settlement in the case.
Legal Definition of settlement
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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 is immobilization of securities?
Securities (either constituted by paper instruments or represented by paper certificates) are immobilised in the sense that they are held by the depository at all times. In the historic transition from paper-based to electronic practice, immoblisation often serves as a transitional phase prior to dematerialisation.
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 .
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 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.
When did anyone get included in the class settlement?
Anyone is generally included in this class settlement if they own or owned buildings or residences built on or after January 1, 2002 that contain (or contained) Uponor yellow brass fittings.
What happens when a class action lawsuit settles?
When a class action lawsuit settles, people who could collect part of the settlement may receive a letter in the mail or an e-mail that contains instructions on how to claim their money or refunds. In some cases, however, attorneys working on the case have no way of gathering the contact information of people who could claim part of a final settlement.
What happens to money that’s left on the table after a settlement deadline has passed?
The lawyers get paid, and so should you. Don’t leave your money on the table – it could very well be returned to the defendant, leaving little encouragement for big corporations to change their ways.
What does the Dominion National settlement cover?
This settlement covers those whose personal information was stored on Dominion National’s computer network and may have been accessed during a security incident.
When did Hyatt settle fingerprints?
This settlement covers current and former Hyatt employees who scanned their fingerprint using Hyatt’s timekeeping system as a requirement for employment between October 30, 2012 and December 16, 2018.
When will Broward County settle parking?
Anyone in the United States who purchased parking from Broward County at Fort Lauderdale-Hollywood International Airport at any time between June 28 and October 31, 2018, or between April 5 and 22, 2019 may be able to claim a piece of this settlement. Visit Official Settlement Website.
Is a Mercedes Benz covered by a settlement?
If you bought or leased a Mercedes-Benz or Sprinter BlueTEC II diesel vehicle, you may be covered by this settlement.
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.
