See Also: Next day settlement(money)
settlement(dictionary)
The Settlement(tourism)
settlement(encyclopedia)
Immediate settlement(money)
Settlement, Act of(encyclopedia)
Immediate settlement(finance)
SETTLEMENT(finance)
Next day settlement(finance)
Settlement(money)

settlement (sh)




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Generally, as a result of the settlement, prosecution of the action is withdrawn or dismissed without any judgment being entered.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 Most suits brought today are either withdrawn or settled.