settlement definition
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Settlement (litigation) In law, a settlement is a resolution between disputing parties about a legal case, reached either before or after court action begins. The term settlement also has other meanings in the context of law. Structured settlements provide for a periodic payment.
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What is a Settlement Agreement? The main benefit of entering into a settlement agreement is to provide certainty between the parties, and a clean amicable break with your employer. You will invariably receive a tax efficient payment under the agreement, together with a job reference and clauses ensuring that your employer does not bad mouth you.
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average settlement period Popular Terms. The average time it takes either for a business to pay its creditors or for debtors to pay what they owe. Average settlement period for creditors = trade creditors x 365 days / credit purchases. Average settlement period for debtors = trade debtors x 365 days / credit sales.
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- Settlement is just an amount of money which you receive in return of some kind of accident as a financial obligation and when you choose to receive it in a structured manner, you get the same amount in the form of several installments of payments rather than as a lump sum.
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Payment A payment is the transfer of an item of value from one party (such as a person or company) to another in exchange for the provision of goods, services or both, or to fulfill a legal obligation. In law, the payer is the party making a payment while the payee is the party receiving the payment.
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What Is a Structured Settlement? A personal injury case is a civil case where someone who’s been harmed files a lawsuit seeking money from the person believed responsible for the harm. Money in the form of a structured settlement helps recipient pay for medical expenses or other costs.
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Personal Injury Settling a case means that you agree to accept money in return for dropping your action against the person who injured you. You'll actually sign a release absolving the other side of any further liability.
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Do the Settlements From Litigation Need to Be Disclosed in the Financial Statements? Litigation is a court process that, ideally, ends up with a resolution for a lawsuit. A settlement resulting from the litigation is money that is paid to the party bringing the suit in return for damages and based on the decisions of the court.itigation is a court process that, ideally, ends up with a resolution for a lawsuit. A settlement resulting from the litigation is money that is paid to the party bringing the suit in return for damages and based on the decisions of the court.
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resolution resolution. n. 1. the act or an instance of resolving. 2. the condition or quality of being resolute; firmness or determination. 3. something resolved or determined; decision. 4. a formal expression of opinion by a meeting, esp one agreed by a vote. 5.
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- WHAt ARe SettleMent AGReeMentS? 5 2 3 What are settlement agreements? Settlement agreements, formerly known as compromise agreements, are documents which set out the terms and conditions agreed by those involved (the two parties) when they agree to settle a potential employment tribunal claim or claims, or other court proceedings. Who can enter into settlement agreements? normally it is an employer and
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Settlement agreements: what do employees need to know? Settlement agreements are typically given to employees when they are being made redundant. The documents outline the terms of the deal: usually an employee is given money in return for certain conditions, such as not bringing a claim against their employer. It's a final sign-off before your employment is terminated.
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- Settlement-The actual real estate closing where the property is transferred and the seller and the buyer sign all required documents for title transfer and mortgage. Settlement Statement-The form showing all fees, charges and monetary transfers involving the buyer, seller, and all parties involved in the transaction.
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Structured settlement a claimant who has agreed to a negotiated structured settlement elects to receive part of their settlement money at the time of settlement and part of their settlement money in the future through a negotiated customized schedule of periodic payments that are fixed and determinable as to amount and time of payment
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What is a Settlement Agreement? A Settlement Agreement’ (previously known as a compromise agreement) is recognised by statute as a legally binding contract made between an employer and employee, either towards the end or just after employment has terminated.
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disposition The parting with, alienation of, or giving up of property. The final settlement of a matter and, with reference to decisions announced by a court, a judge's ruling is commonly referred to as disposition, regardless of level of resolution.
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viatical settlement viatical settlement. Also found in: Thesaurus, Medical, Legal, Financial, Encyclopedia, Wikipedia. viatical settlement. (Insurance) the purchase by a charity of a life assurance policy owned by a person with only a short time to live, to enable that person to use the proceeds during his or her lifetime. Noun. 1. viatical settlement - cash derived from sale of an insurance policy by a terminally ill policy holder. advance death benefit - a percentage of death benefits paid directly to policy holders having a short life expectancy (usually 6 months)
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- Answer Wiki. Generally, the settlement of a matter being the court's final decision in relation to a matter is a disposition. It can also be used when referring to the disposal of property to another person ie, transferring property.
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Causes and Signs of Failed Foundations Structural settlement is characterized as either total and /or differential settlement. Total settlement is a complete structure downward movement. Differential settlement is the difference in vertical movement between various locations causing structure distortion. Generally, total settlement is not a critical factor as long as it is uniform. Utility connections are affected to the greatest degree by total settlement. Even relatively small differential settlements can cause cracks in floor slabs, brick walls and drywall.
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settlement Settlement. The act of adjusting or determining the dealings or disputes between persons without pursuing the matter through a trial. In civil lawsuits, settlement is an alternative to pursuing litigation through trial. 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.
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What is 'Settlement Date' The settlement date for stocks and bonds is usually three business days after the trade was executed. For government securities and options, the settlement date is usually the next business day.
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The Exclamation Mark (Do not add a period after such a sentence that ends with the title's question mark. The question mark will also suffice to end the sentence.) If the question mark is not part of a sentence-ending title, don't italicize the question mark:
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Life settlement What is a Life Settlement? A Life Settlement is a financial tool that converts an existing life insurance policy into cash. Retirees are often unaware of the significant cash value their life insurance policies can provide.
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Viatical settlement Viatical settlement. A viatical settlement (from the Latin viaticum) is the sale of a policy owner's existing life insurance policy to a third party for more than its cash surrender value, but less than its net death benefit. Such a sale provides the policy owner with a lump sum.
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- Debt Consolidation vs. Debt Settlement. For many people, debt consolidation equates to debt settlement, a process of negotiating your debts to ensure lower payments, although the two services are completely different. Debt settlement allows you to make one monthly payment, but that payment isn’t going to your creditors.
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- settle [2] n banco m, escano escaño (m a veces con baul). Baúl Debajo-Translation English Spanish. Collins dictionary: see also, settle for, settle in, settle on. [SETTLE]. JoanR: biz AlfredoO1: threat alfredoo1 Keep looking to ensure the quality, of comments you need to. be connectedisputes can often settle out of court. Las controversias a menudo puede resolver fuera de corte. In Pakistan, the Government was introducing measures to settle minor disputes outside its formal criminal justice system under its devolution and judicial reform plans.
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What is 'Viatical Settlement' A viatical settlement is an arrangement in which someone with a terminal disease sells his or her life insurance policy at a discount from its face value for ready cash. The buyer cashes in the full amount of the policy when the original owner dies.