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The meaning of SETTLEMENT is the act or process of settling. How to use settlement in a sentence.
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SETTLEMENT definition: 1. an official agreement that finishes an argument: 2. an arrangement to end a disagreement…. Learn more.
the settling of persons in a new country or place. a colony, especially in its early stages. a small community, village, or group of houses in a thinly populated area. a community formed and populated by members of a particular religious or ideological group: a Shaker settlement.
Definition of settlement noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
A legally acknowledged and enduring act of giving or granting something. The amount of money or value of property that is granted or paid as a result of a settlement. The process of moving funds between banks to complete customer transactions. How to use "settlement" in a sentence.
Feb 22, 2024 · A settlement agreement is a legally binding contract that resolves a dispute between parties, typically without the need for formal court proceedings. It’s commonly used in various legal contexts, such as legal contract disputes, employment disputes , marital issues , and medical malpractice cases.
Popularly called settling out of court, a settlement agreement ends the litigation. Settlement is a popular option for several reasons, but a large number of cases are settled simply because defendants want to avoid the high cost of litigation. Settlement may occur before or during the early stages of a trial.
Feb 2, 2021 · 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.
