settlement (redirected from Settlement (disambiguation))

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 Generally, as a result of the settlement, prosecution of the action is withdrawn or dismissed without any judgment being entered.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 Most suits brought today are either withdrawn or settled.

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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