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 the word settlement mean?
settlement- something settled or resolved; the outcome of decision making; "they finally reached a settlement with the union"; "they never did achieve a final resolution of their differences"; "he needed to grieve before he could achieve a sense of closure". closure, resolution.
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 settlement and examples of settlement?
Settlement statement defines the document which discloses the summary writing of the transaction between the service provider and the client. For example, a seller sends the buyer a settlement statement containing the summed up costs with regards to the buyer’s purchase. Or a lender sends a settlement statement to a borrower containing all ...
What is settlement and example?
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 do we mean by settlements?
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 are some examples of settlement?
Examples of SettlementsEmployment - Disability.Employment - National Origin, Race, or Color.Employment - Religion, Creed, or Ancestory.Employment - Gender, Sexual Harassment.Housing.Public Accommodation.
What is settlement answer in short?
Settlements are places where people build their homes.
What are 4 types of settlement?
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 are 2 types of settlements?
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.
What are three 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 settlement types?
Rural settlements in India can broadly be put into four types: • Clustered, agglomerated or nucleated, • Semi-clustered or fragmented, • Hamleted, and • Dispersed or isolated.
What is a settlement letter?
A settlement letter is a letter that provides a quote for the amount you need to pay in order to settle your vehicle finance account in full.
Why do settlements change?
Settlements develop and change due to variety of processes and their sustainability allows them to function successfully, affecting the identity of that location.
What is temporary settlement?
Settlements which are occupied for a short time are called temporary settlements. The people living in deep forests, hot and cold deserts and mountains often dwell in such temporary settlements. They practice hunting, gathering, shifting cultivation and transhumance.
What is the meaning of settlement?
settlement. the act or state of settling or the state of being settled. the act of making stable or putting on a permanent basis. a state of stability or permanence. an arrangement or adjustment, as of business affairs or a disagreement. an agreement signed after labor negotiations between union and management.
What is a settlement house?
Also called settlement house . Social Work. an establishment in an underprivileged area providing social services to local residents.
How much did the Russell and Williams settlement cost?
The city of Cleveland recently reached a $3 million settlement with the Russell and Williams families.
What is a community formed by members of a group, esp of a religious sect?
a community formed by members of a group, esp of a religious sect. a public building used to provide educational and general welfare facilities for persons living in deprived areas. a subsidence of all or part of a structure. the payment of an outstanding account, invoice, charge, etc. ( as modifier) settlement day.
What does "settling" mean in the context of a colony?
a state of stability or permanence. an arrangement or adjustment, as of business affairs or a disagreement. an agreement signed after labor negotiations between union and management. the terms reached in this agreement. the settling of persons in a new country or place. a colony, especially in its early stages.
What is a deed in law?
law. a conveyance, usually to trustees, of property to be enjoyed by several persons in succession. the deed or other instrument conveying such property. the determination of a dispute, etc, by mutual agreement without resorting to legal proceedings. SEE LESS.
What is a small community?
a small community, village, or group of houses in a thinly populated area.
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 the meaning of "state of being settled"?
1. the act or state of settling or the state of being settled. 2. the act of making stable or putting on a permanent basis. 3. a state of stability or permanence. 4. an arrangement or adjustment, as of business affairs. 5. an agreement signed after labor negotiations between union and management.
What does "settling" mean?
1. the act or state of settling or being settled. 2. the establishment of a new region; colonization. 3. (Human Geography) a place newly settled; colony. 4. (Human Geography) a collection of dwellings forming a community, esp on a frontier. 5. a community formed by members of a group, esp of a religious sect.
What is a plantation colony?
Plantation- a newly established colony (especially in the colonization of North America); "the practice of sending convicted criminals to serve on the Plantations was common in the 17th century"
What does "body" mean in the context of a group?
body- a group of persons associated by some common tie or occupation and regarded as an entity; "the whole body filed out of the auditorium"; "the student body"; "administrative body"
What is the meaning of "payment"?
a. the payment of an outstanding account, invoice, charge, etc
What does "community" mean?
7. a colony, esp. in its early stages. 8. a small community or group of houses in a thinly populated area. 9. a community formed by members of a particular religious or ideological group. 10. the satisfying of a claim or demand; a coming to terms. 11.
What does "social welfare" mean?
6. (Social Welfare) a public building used to provide educational and general welfare facilities for persons living in deprived areas. 7. (Building) a subsidence of all or part of a structure. 8.
What is settlement agreement?
A settlement is also an arrangement, often with payment of money, to end a legal disagreement without taking it to court: The actor agreed to a $100,000 settlement from the newspaper. (Definition of settlement from the Cambridge Academic Content Dictionary © Cambridge University Press)
What is an out of court settlement?
an arrangement to end a disagreement involving a law having been broken, without taking it to a law court, or an amount of money paid as part of such an arrangement: They reached an out-of-court settlement. The actor accepted a settlement of $100,000 from the magazine. More examples.
What is the main stumbling block to reaching a settlement?
Lack of willingness to compromise on both sides is the main stumbling block to reaching a settlement.
Where was the Roman settlement found?
A large Roman settlement has been discovered just outside the French town. Many Native Americans were killed during the settlement of the American West by Europeans in the 19th century. SMART Vocabulary: related words and phrases.
What did the courts later adopt a less restrictive concept of locality, recognising that settlements might embrace?
The courts later adopted a less restrictive concept of locality, recognising that settlements might embrace more than one parish.
What is settlement in real estate?
The settlement is the final stage in the home transaction. This is when the ownership of the property will be transferred from the seller to the buyer. The funds will be distributed in the form of a check to the sellers, the real estate agents that were involved in the sale will receive a check for the commissions that they earned, ...
How many times do you sign a settlement?
The escrow company will have the documents ready; they will just need to be signed. Buyers will sign their names anywhere from 10 to 30 times during this process. There are many important things that happen on the day of the settlement.
What is the settlement period?
The settlement period is the time between the trade date and the settlement date. The SEC created rules to govern the trading process, which includes outlines for the settlement date. In March 2017, the SEC issued a new mandate that shortened the trade settlement period.
What is the settlement period in securities?
In the securities industry, the trade settlement period refers to the time between the trade date —month, day, and year that an order is executed in the market— and the settlement date —when a trade is considered final. When shares of stock, or other securities, are bought or sold, both buyer and seller must fulfill their obligations to complete ...
How long is the T+3 settlement period?
Then in 1993, the SEC changed the settlement period for most securities transactions from five to three business days —which is known as T+3.
Who pays for shares in a security settlement?
During the settlement period, the buyer must pay for the shares, and the seller must deliver the shares. On the last day of the settlement period, the buyer becomes the holder of record of the security.
Do you have to have a settlement period before buying stock?
Now, most online brokers require traders to have sufficient funds in their accounts before buying stock. Also, the industry no longer issues paper stock certificates to represent ownership. Although some stock certificates still exist from the past, securities transactions today are recorded almost exclusively electronically using a process known as book-entry; and electronic trades are backed up by account statements.
What is clearing and settlement?
Clearing and settlement are two important processes that are carried out when executing transactions in financial markets where a range of financial securities can be bought and sold. Clearing and settlement allow clearing corporations to realize any rights obligations, which are created in the process of securities trading, and to make arrangements so that the funds and securities can be transferred accurately in a timely, efficient manner. The article clearly explains how each of these functions falls into the process of securities trading, explains the relationship between the two processes, and highlights the similarities and differences between clearing and settlement.
Why is clearing and settlement important?
It is important that a strong clearing and settlement system is set in place to maintain the smooth securities trading operations within financial markets. Clearing is the second part of the process which will come after the execution of the trade and before the settlement of the transaction. Clearing is where buyers and sellers are matched ...
How long does it take to settle a securities transaction?
Settlement will be completed when the clearing corporation transfers ownership of the securities to the buyer and once the funds are transferred to the seller. Stocks and bonds are settled after 3 days from the date of execution; government securities, options and mutual funds settle one day after the execution date and certificates of deposit are usually settled on the same day as the execution.
How long does it take for a clearing corporation to settle a bond?
Stocks and bonds are settled after 3 days from the date of execution; government securities, options and mutual funds settle one day after the execution date and certificates ...
When does clearing occur?
The process of clearing occurs in between the time a trade is executed and a settlement is made. Once a trade is executed or completed in a financial market, the clearing agency will be notified, who will then carry out the process of clearing the transaction.
What is clearing transaction?
Clearing is where buyers and sellers are matched and confirmed, and transactions are netted down (set of buy with sell transactions) so that only a few transactions will actually have to be completed.
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.
