Claim Settlement
/ˈkleɪm ˈsɛtlmənt/
Definitions
- (n.) The process by which parties agree to resolve a claim, typically involving payment or other compensation.
The claim settlement was finalized after negotiations between the insurer and the claimant.
- (n.) A legal agreement that resolves a disputed claim without further litigation.
The parties entered into a claim settlement to avoid a costly lawsuit.
Forms
- claim settlement
- claim settlements
Related terms
See also
Commentary
Claim settlement commonly appears in insurance and civil procedure contexts where disputes about liability or damages are resolved without trial.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.