Settlement

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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
Collins Discovery Encyclopedia, 1st edition © HarperCollins Publishers 2005
The following article is from The Great Soviet Encyclopedia (1979). It might be outdated or ideologically biased.

Settlement

 

a procedural action agreed upon by the parties to a civil case which involves submitting to the court for ratification a contract concerning conditions for resolving the legal dispute.

According to Soviet law, settlements differ from out-of-court settlements which are concluded by the disputing parties outside of the court and are not submitted to the court for ratification. Settlements may be concluded in disputes arising from civil, labor, kolkhoz, and other legal relationships; they may be concluded by the disputing parties and by third persons with in-dependent legal claims who are participating in the case. By ratifying the settlement, the court renders a decision that the particular case is closed; where the court refuses to ratify a settlement, the case continues to be heard. Persons involved in the case have the right to appeal, and the procurator may also lodge a protest of the court’s findings with respect to any settlement.

With the court’s ratification of a settlement, a second hearing of the dispute between the same parties concerning the same subject and on the same grounds is precluded. If one party evades voluntary fulfillment of obligations according to the settlement, compulsory execution in the general manner is admissible. Settlements are also concluded in arbitration proceedings and comrades’ courts and before arbitration tribunals.


Settlement

 

(in Russian, poselok), in the USSR, a low-level administrative-territorial unit designating a community located outside a city’s limits. There are three types of settlements: workers’, resort-type, and dacha.

Workers’ settlements are communities located at large plants, mines, power plants, construction sites of large hydraulic-engineering installations, and other projects and having no less than 3,000 residents. At least 85 percent must be workers and office employees and members of their families.

Resort-type settlements are communities situated in localities with a curative environment and having a population of at least 2,000. The number of people who come annually for treatment and rest to these settlements must total at least 50 percent of the permanent population. Dacha settlements are vacation communities for city dwellers, in which not more than 25 percent of the adult population is continually engaged in agriculture.

In statistical literature all three types of settlements are sometimes combined under “urban-type settlement.” By January 1974 there were 3,700 settlements in the USSR.


Settlement

 

in civil cases in the Anglo-Saxon countries, an agreement between parties by virtue of which a court case is terminated before a decision is reached. If one party does not fulfill the conditions of the settlement, the court can enforce the conditions.

The Great Soviet Encyclopedia, 3rd Edition (1970-1979). © 2010 The Gale Group, Inc. All rights reserved.

settlement

[′sed·əl·mənt]
(civil engineering)
The gradual downward movement of an engineering structure, due to compression of the soil below the foundation.
(geology)
The subsidence of surficial material (such as coastal sediments) due to compaction.
(mining engineering)
The gradual lowering of the overlying strata in a mine, due to extraction of the mined material.
McGraw-Hill Dictionary of Scientific & Technical Terms, 6E, Copyright © 2003 by The McGraw-Hill Companies, Inc.

settlement

1. The downward movement of a building structure due to consolidation of soil beneath the foundation.
2. The sinking of solid particles of aggregate in fresh concrete or mortar after its placement and before its initial set.
McGraw-Hill Dictionary of Architecture and Construction. Copyright © 2003 by McGraw-Hill Companies, Inc.
References in periodicals archive ?
TABLE 1 VLSI Companies Contributing Observations to Index Annual Report Range VLSI Company From To American Life 1994 1996 Dignity Partners 1993 1995 Habersham 2007 2008 Kelco 1995 2001 Legacy Benefit 1992 2005 Life Benefactors 1993 1997 Life Funding 1993 1996 Life Settlements 1999 2002 Lifetime Entitlements 1994 1996 Lifetime Options 1993 1995 National Benefit 1994 1995 Neuma 1993 2009 Portsmouth 1996 2008 Viatical Settlements 1993 1996 Viaticare 1994 2001 Viaticus 1994 2001 WM Page 1995 2009 Note: This table lists the 17 Viaticals-Life Settlements (VLSI) companies that filed annual reports with the New York State Insurance Department from which we extracted data on their individual VLSI holdings.
Viatical Settlements Model Regulation.: National Association of Insurance Commissioners
Although viatical and life settlements are not insurance contracts, the Fourth Circuit recently held that viatical settlements affect the business of insurance, and therefore, the Virginia Viatical Settlements Act "relates to" the business of insurance in such a way that it qualifies under the McCarran-Ferguson Act as subject to state regulation.
There must be some type of health issues that limit the insured's life expectancy, even if the health issues are not terminal or chronic (as required in a viatical settlement).
The DOI revoked the provider's license to operate as a viatical settlement provider.
Also, to qualify for the favorable tax treatment, the life insurance or viatical settlement contract may not "...
Although anyone with access to the Internet can locate information on companies that provide viatical settlements, a client should have his or her attorney, accountant, financial planner, or a viatical settlement broker assist in the sale of the life insurance policy.
Ray, Comment, The Viatical Settlement Industry: Betting on People's Lives Is Certainly No "Exacta," 17 J.
The first viatical settlement companies emerged in the late 1980s, and primarily acted as brokers, matching up terminally-ill policyholders with investors.(15) The initial growth of the viatical industry was primarily a function of the lack of any significant alternative available from the life insurance industry.
The Internal Revenue Service has taken a more enlightened position in relation to the second possible event where an insured assigns his life insurance contract to the insurance company (as contrasted with the above PLR in which the sale was to a Viatical settlement company) that issued the policy and the accelerated death benefit is paid pursuant to a contract term.
Under the law, chronically ill individuals may enter into a viatical settlement arrangement that is structured to indemnify the individual for any long-term care expenses.
The rise and fall of the viatical settlement market, from whence the life settlement market arose, illustrates these dangers and the consequent susceptibility to increase in longevity.