What is the full meaning of settlement?
What is the full meaning of settlement?
1 : a formal agreement that ends an argument or dispute. 2 : final payment (as of a bill) 3 : the act or fact of establishing colonies the settlement of New England. 4 : a place or region newly settled.
What is settlement example?
An example of a settlement is when divorcing parties agree on how to split up their assets. An example of a settlement is when you buy a house and you and the sellers sign all the documents to officially transfer the property. An example of settlement is when the colonists came to America.
What is the meaning of settlement in business?
Settlement of securities is a business process whereby securities or interests in securities are delivered, usually against (in simultaneous exchange for) payment of money, to fulfill contractual obligations, such as those arising under securities trades.
What is settlement in social?
social settlement, also called settlement house, community centre, or neighbourhood house, a neighbourhood social welfare agency. The main purpose of a social settlement is the development and improvement of a neighbourhood or cluster of neighbourhoods.
What does it mean to receive a settlement?
“Settling a case” means ending a dispute before the end of a trial. Initial papers are filed with the court months before trial can begin. All of this time gives the parties room to undertake settlement negotiations.
What is the meaning of human settlement?
Human Settlement means cluster of dwellings of any type or size where human beings live. Settlements could be small and sparsely spaced; they may also be large and closely spaced. The sparsely located small settlements are called villages, specialising in agriculture or other primary activities.
What is better pay in full or settle?
It is always better to pay off your debt in full if possible. Settling a debt means you have negotiated with the lender and they have agreed to accept less than the full amount owed as final payment on the account.
What are the two main types of settlements?
Settlements can broadly be divided into two types – rural and urban.
What happens in a settlement?
After a case is settled, meaning that the case did not go to trial, the attorneys receive the settlement funds, prepare a final closing statement, and give the money to their clients. Once the attorney gets the settlement check, the clients will also receive their balance check.
