Settlement legal definition of settlement

It can range in size from an isolated dwelling to a million city. High up in my airship I can look down and see where people have built places to live and work, from hamlets and villages to towns and cities. Suppose you wish to find out what words will translate the date of the settlement of Jamestown, Va., 1607. (d) Excess balances may, at the convenience of each federal reserve bank, remain deposited with the gold settlement fund.

In civil lawsuits, settlement is an alternative to pursuing litigation through trial. Typically, it occurs when the defendant agrees to some or all of the plaintiff’s claims and decides not to fight the matter in court. Usually, a settlement requires the defendant to pay the plaintiff some monetary amount. Popularly called settling out of court, a settlement agreement ends the litigation.

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Often, the exact terms of settlements are not disclosed publicly, particularly in high-profile cases where the defendant is seeking to protect a public reputation. In high-profile cases, settlements are often followed by a public statement by the defendant. It is not unusual for a large company to settle with a plaintiff for an undisclosed amount and then to issue a statement saying that the company did nothing 9 best investments in 2021 wrong.

The city of Cleveland recently reached a $3 million settlement with the Russell and Williams families. Monday’s announcement of the settlement felt like the right moment to revisit this issue. These examples are programmatically compiled from various online sources to illustrate current usage of the word ‘settlement.’ Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. It describes the physical nature of where a settlement is located. Factors such as water supply, defence, quality of soil, building materials, climate, shelter and defence were all taken into consideration when establishing settlements in the past.

Whatever can be done to bring about the prompt and effective use of this new system of bank settlement will be done. This meant that Palestinian taxi drivers had to drive through the Israeli settlement of Bet El. Jonathan Moore, who secured the $1.7 million settlement in the Stewart case, is representing them.

Legal Definition

Well, it mostly depends on how many people live in a place, and how many facilities like shops and schools there are. “Milor, the matter admits of no settlement,” said the Breton menacingly, rising from his chair. In and around where they now sat, there was quite a settlement of Negroes, mostly small farmers.

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For example, this is a port where ships bring goods to and from the UK. Strangely, if a settlement has a cathedral, it’s also called a city, even if it’s not very big, like St Davids in South Wales. There are more buildings, and there’s a railway station, a secondary school and a shopping centre. A settlement is also the conveyance of property interests to beneficiaries in a way that alters what they would receive as heirs under statutes of descent and distribution. The president came to believe Shamir misled him on the settlement issue, or flat-out lied to him.

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There, the South Americans mated with Polynesian inhabitants during the initial period of discovery and settlement of those remote islands, researchers say. If you’ve found the resources on this site useful please consider making a secure donation via PayPal to support the development of the site. The site is self-funded and your support is really appreciated. If Vegan stocks you’ve found the resources on this page useful please consider making a secure donation via PayPal to support the development of the site. In the UK, London is an example of a city with an excellent situation. It is located on the River Thames, with excellent links by road and air.

Breach of the schedule can be dealt with as breach of contract, or breach of the consent order. Generally, the easiest time to settle a dispute is before litigation begins, but many opportunities for settlement present themselves. As litigation advances toward trial, attorneys for both sides communicate with each other and with the court and gauge the relative strength of their cases. If either of the parties believes he is unlikely to prevail, he is likely to offer a settlement to the other party. In law, a settlement is a resolution between disputing parties about a legal case, reached either before or after court action begins. A collective settlement is a settlement of multiple similar legal cases.[1] The term also has other meanings in the context of law.

1. In law, a settlement is a resolution between disputing parties about a legal case, reached either before or after court action begins.
2. (d) Excess balances may, at the convenience of each federal reserve bank, remain deposited with the gold settlement fund.
3. All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only.
4. Popularly called settling out of court, a settlement agreement ends the litigation.
5. If the plaintiff has a strong case and the attorney believes defendant is likely to lose, the attorney may recommend that the defendant settle the case.
6. By settling, the defendant avoids the financial cost of litigating the case.

In complex litigation, especially Class Action suits or cases involving multiple defendants, a settlement requires court approval. Civil lawsuits originate when a claimant decides that another party has caused him or her injury and files suit. If the plaintiff has a strong case and the attorney believes defendant is likely to lose, the attorney may recommend that the defendant settle the case. By settling, the defendant avoids the financial cost of litigating the case. Trials are often extremely expensive because of the amount of time required by attorneys, and even alternatives to trials, such as mediation and Arbitration, can be costly. In deciding whether to settle a claim, attorneys act as intermediaries.

The importance of a settlement can increase and decrease as they fulfil different functions. The situation of a settlement significantly influences which of these will happen. The act of adjusting or determining the dealings or disputes between persons without pursuing the matter through a trial. There’s a few shops, a post office, a village hall, as well as a primary school and a doctor’s office.

All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. In English law, settlements of land developed to a high degree of sophistication. In the 1925 reforms it was provided that land might be settled either by way of strict settlement or by way of trust for sale, but not otherwise. In business law, a settlement is the payment, satisfaction, and closing of an account. A year later, what is a currency strength meter the suit ended in a settlement, the details of which remain confidential.

Litigation can also have a harmful impact on the public reputation of the parties. Employers, for example, sometimes settle Sexual Harassment claims in order to avoid unwanted media exposure or damage to employee morale. In these cases, the court order may refer to another document which is not disclosed, but which may be revealed to prove a breach of the settlement.