Settlement
/ˈsɛtlmənt/
Definitions
- (n.) An agreement resolving a dispute between parties without trial.
The parties reached a settlement before the court date.
- (n.) The act of paying a debt or obligation.
The settlement of the invoice was completed last week.
- (n.) A place where people establish a community.
The settlement was founded in the 18th century.
Forms
- settlements
Related terms
See also
Commentary
In legal contexts, "settlement" primarily refers to the resolution of disputes, often via negotiation or mediation, avoiding 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.