settlement

settlement
/set"l meuhnt/, n.
1. the act or state of settling or the state of being settled.
2. the act of making stable or putting on a permanent basis.
3. a state of stability or permanence.
4. an arrangement or adjustment, as of business affairs or a disagreement.
5. an agreement signed after labor negotiations between union and management.
6. the terms reached in this agreement.
7. the settling of persons in a new country or place.
8. a colony, esp. in its early stages.
9. a small community, village, or group of houses in a thinly populated area.
10. a community formed and populated by members of a particular religious or ideological group: a Shaker settlement.
11. the satisfying of a claim or demand; a coming to terms.
12. Law.
a. final disposition of an estate or the like.
b. the settling of property, title, etc., upon a person.
c. the property so settled.
13. Brit.
a. legal residence in a specific place.
b. (of a pauper) the right to claim food and shelter from an official agency or specific town or district.
14. Also called settlement house. Social Work. an establishment in an underprivileged area providing social services to local residents.
15. a subsidence or sinking of all or part of a structure.
[1620-30; SETTLE1 + -MENT]

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I
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Generally, as a result of the settlement, prosecution of the action is withdrawn or dismissed without any judgment being entered.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 Most suits brought today are either withdrawn or settled.
II
(as used in expressions)
Settlement Act of
Protocol for the Pacific Settlement of International Disputes

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▪ law
      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 Generally, as a result of the settlement, prosecution of the action is withdrawn or dismissed without any judgment being entered (see nolle prosequi). In such cases, the settlement itself, as a binding contract between parties, prevents renewal of the litigation. But the parties may, and often do, incorporate the terms of the settlement into a consent judgment, recorded by the court. Such a judgment may afford the same protection against a reopening of the dispute in litigation as is provided by a court judgment at the conclusion of a fully litigated case.

      Settlements commonly provide for, or are construed to allow, either party to enforce their terms or to ignore them and reopen the underlying dispute if the other party fails to fulfill the terms and conditions agreed upon. Because, in modern litigation, most suits brought are either withdrawn or settled, the settlement constitutes an important feature of the process.

      The term settlement is also applied to a disposition of property to be held in trust.

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Universalium. 2010.

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Look at other dictionaries:

  • settlement — set·tle·ment n 1: the act or process of settling 2 a: an agreement reducing or resolving differences; esp: an agreement between litigants that concludes the litigation the states finally agreed upon a settlement and a consent decree W. J. Brennan …   Law dictionary

  • Settlement — may refer to:* Consolidation (soil), settlement in soil * Human settlement, permanent community where people live ** Israeli settlement, communities inhabited by Israeli Jews in territory that came under Israel s control as a result of the 1967… …   Wikipedia

  • Settlement — Set tle*ment, n. 1. The act of setting, or the state of being settled. Specifically: [1913 Webster] (a) Establishment in life, in business, condition, etc.; ordination or installation as pastor. [1913 Webster] Every man living has a design in his …   The Collaborative International Dictionary of English

  • Settlement — steht für Settlement (Finanzwesen) Cash settlement Finanzbegriff Permanent Settlement, Steuerbegriff Siehe auch Act of Settlement Latin Settlement The Settlement Selkirk Settlement Settlement Indians …   Deutsch Wikipedia

  • settlement — [n1] decision, conclusion adjustment, agreement, arrangement, clearance, compact, compensation, completion, conclusion, confirmation, contract, covenant, deal, defrayal, determination, discharge, disposition, establishment, happy medium*,… …   New thesaurus

  • settlement — [set′ lmənt] n. 1. a settling or being settled (in various senses) 2. a new colony, or a place newly colonized 3. a) a small or isolated community; village b) a community established by the members of a particular religious or social group 4. an… …   English World dictionary

  • Settlement — (engl., spr. ßéttl ment), Niederlassung, Ansiedelung, Kolonie; auch Festsetzung, Vermächtnis, Anordnung, z. B. über Güterschluß oder Entail (s. d.). – S. (Toynbeehalle) heißt auch eine Ansiedelung akademisch gebildeter Männer in einem… …   Meyers Großes Konversations-Lexikon

  • Settlement — (engl., spr. ßéttlment), Niederlassung, Ansiedlung; Settler, Ansiedler …   Kleines Konversations-Lexikon

  • settlement — The transferring of property to another person or a gift. Under certain circumstances, settlements are void against the Trustee and are brought back into the bankruptcy estate. (Dictionary of Canadian Bankruptcy Terms) United Glossary of… …   Glossary of Bankruptcy

  • settlement — 1640s, act of fixing or steadying; from SETTLE (Cf. settle) (v.) + MENT (Cf. ment). Meaning colony is attested from 1690s; that of payment of an account is from 1729 …   Etymology dictionary

  • settlement — ► NOUN 1) the action or process of settling. 2) an official agreement intended to settle a dispute or conflict. 3) a place where people establish a community. 4) Law an arrangement whereby property passes to a person or succession of people as… …   English terms dictionary

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