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settlement
(redirected from Settlement (disambiguation))

   Also found in: Medical, Legal, Financial, Wikipedia, Hutchinson 0.04 sec.

settlement

In law, a compromise or agreement between litigants to settle the matters in dispute between them in order to dispose of and conclude their litigation. Generally, as a result of the settlement, prosecution of the action is withdrawn or dismissed without any judgment being entered. The parties may, however, incorporate the terms of the settlement into a consent decree, recorded by the court. Most suits brought today are either withdrawn or settled.


settlement
1. a place newly settled; colony
2. a collection of dwellings forming a community, esp on a frontier
3. a public building used to provide educational and general welfare facilities for persons living in deprived areas
4. Law
a. a conveyance, usually to trustees, of property to be enjoyed by several persons in succession
b. the deed or other instrument conveying such property
c. the determination of a dispute, etc., by mutual agreement without resorting to legal proceedings


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