Claims Settlement
/ˈkleɪmz ˈsɛtlmənt/
Definitions
- (n.) The process of resolving and concluding claims, typically involving negotiation, agreement, or adjudication to determine the rights and obligations of parties.
The claims settlement was finalized after both sides agreed on the compensation amount.
Forms
- claims settlement
Related terms
See also
Commentary
Claims settlement frequently arises in insurance and contract disputes, emphasizing the importance of clear documentation and mutual agreement to avoid further litigation.
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.