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 are settlements meaning?
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 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 is the meaning full settlement?
Full and final settlement means an agreement ending a dispute or “suit” resulting in settlement and release of all pending claims between the parties.
What does settlement mean in a form?
A settlement statement is a document that summarizes the terms and conditions of a settlement agreement between parties. Commonly used for loan agreements, a settlement statement details the terms and conditions of the loan and all costs owed by or credits due to the buyer or seller.
What are the 3 types of settlement?
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.
What is a final settlement?
Final settlement often refers to a settlement agreement, which is an agreement to some resolution of the dispute and to stop future litigation. Final settlements differ depending on what the parties negotiate.
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 happens if you pay a settlement offer?
As long as your creditors accept your offer – i.e. agree to sum of money in the settlement offer – they will accept partial settlement of your debt in exchange for writing off the remaining amount you owe. If the settlement offer is big enough, the money will be shared equally among all of your creditors.
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 are the two types of settlement?
Settlements can broadly be divided into two types – rural and urban.
What is in a settlement agreement?
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 are the two types of settlement?
Settlements can broadly be divided into two types – rural and urban.
What is settlement of soil?
What is Settlement? Settlement is the downward movement of the ground (soil) when a load is applied to it. The load increases the vertical effective stress exerted onto the soil. This stress, in turn, increases the vertical strain in the soil. This increase in vertical strain causes the ground to move downward.
What does settlement mean in geography?
a place where people liveA 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. An example of a temporary settlement is a refugee camp.
What is the 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.
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 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 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 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 a settlement agreement?
Typically, it occurs when the defendant agrees to some or all of the plaintiff's claims and decides not to fight the matter in court. Usually, a settlement requires the defendant to pay the plaintiff some monetary amount. Popularly called settling out of court, a settlement agreement ends the litigation.
When does a settlement take place?
Settlement may occur before or during the early stages of a trial. In fact, simple settlements regularly take place before a lawsuit is even filed. In complex litigation, especially Class Action suits or cases involving multiple defendants, a settlement requires court approval.
What is a settlement before trial?
A settlement reached just before trial or after a trial or hearing has begun is often "read into the record" and approved by the court so that it can be enforced as a judgment if the terms of the settlement are not complied with. Most lawsuits result in settlement. (See: settle)
How much did the average settlement amount in 2015 cost?
The average settlementsize rose to $37.9 million in 2015, up from $17 million in 2014, while the median settlementrange saw little change--$6.1 million in 2015 compared to $6 million the prior year.
What is a class action settlement?
In class actions, for example, attorneys represent a large group of plaintiffs, known as the class, who typically seek damages from a company or organization. Courts review the terms of a class action settlement for fairness.
How many km were settlement meters?
The settlementmeters were set up from 24 + 400 km to 24 + 405 km, which were semifilling and semi-excavating subgrades (Figure 2(a)).
Why are trials so expensive?
Trials are often extremely expensive because of the amount of time required by attorneys, and even alternatives to trials, such as mediation and Arbitration, can be costly. In deciding whether to settle a claim, attorneys act as intermediaries. The parties to the suit must decide whether to offer, accept, or decline a settlement.
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.
