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, Jr.
entered into a property settlement prior to the divorce
b: a formal and permanent grant or conveyance
c: the sum, estate, or income granted or paid under a settlement
if the monetary limits of a defendant's insurance policy can be discovered in order to obtain reasonable settlement s — J. H. Friedenthal et al.
settlement costs
4: the transfer of funds between a payor bank and a collecting bank in order to complete transactions for customers

Merriam-Webster’s Dictionary of Law. . 1996.

I noun accommodation, adjustment, agreement, arrangement, arrangement of difficulties, bargain, compositio, composure of differences, composure of doubts, compromise, conciliation, concordat, constitutio, contract, determination by agreement, discharge, disposition, final terms, negotiation, pact, pactum, payment, reconciliation, release, satisfaction, set of terms, terms, understanding associated concepts: deed of settlement, final settlement, settlement of a case, voluntary settlement II index accommodation (adjustment), accord, accordance (compact), adjustment, agreement (concurrence), agreement (contract), alimony, alluvion, arbitration, arrangement (understanding), bargain, choice (decision), compensation, composition (agreement in bankruptcy), compromise, concession (compromise), conciliation, consequence (conclusion), consideration (recompense), contract, denouement, descent (declination), determination, discharge (payment), disposition (determination), disposition (final arrangement), dower, expiation, habitation (act of inhabiting), habitation (dwelling place), honorarium, nollo contendere, outcome, pact, pay, payment (act of paying), payoff (payment in full), recompense, reconciliation, refund, remuneration, reparation (indemnification), restitution, satisfaction (discharge of debt), treaty

Burton's Legal Thesaurus. . 2006

1. an instrument by which property is limited to persons in succession or is to vest on the occurrence of specified contingencies. Settlements in England or Scotland are invariably made through the medium of the trust. In English law it is not competent for a settlement, whether of realty or personalty, to be made otherwise. Technically, in other jurisdictions (e.g. Australia and New Zealand and, indeed, Scotland) it is possible to create a simple settlement without a trust but, in practice, such settlements are rarely, if ever, encountered.
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.
2. in Scottish conveyancing practice, the day when the title is exchanged for the money.
3. settlement in the sense of living in the UK gives a person a right to permanent residence in the UK provided he continues living here; such a person is subject to deportation if he commits a serious crime or if his presence is no longer conducive to the public good. Having a right of settlement may lead to the right to register or to be naturalised as a British citizen. Once settled, a person may call for members of his family and other dependants to join him in the UK provided their maintenance and accommodation does not require recourse to public funds.

Collins dictionary of law. . 2001.

1) The resolution of a dispute or lawsuit.
2) Payment or adjustment. For example, a debtor might settle an account by paying the full amount owed, or an insurance company might settle a property damage claim by paying the insured for the covered damage.
3) The distribution of property and wrapping up of a decedent's affairs by the executor.
4) The transfer of real property from the seller to the buyer (and new owner) closing.
Category: Accidents & Injuries
Category: Criminal Law
Category: If, When & Where to File a Lawsuit
Category: Mediation, Arbitration & Collaborative Law
Category: Real Estate & Rental Property → Buying a House
Category: Representing Yourself in Court
Category: Small Claims Court & Lawsuits
Category: Small Claims Court
Category: Wills, Trusts & Estates → Estates, Executors & Probate Court
Category: Working With a Lawyer

Nolo’s Plain-English Law Dictionary. . 2009.

n. An agreement achieved between the adversaries before judgment in a trial, or before the trial begins, thereby obviating the need for it; completed payment of a debt or contractual obligation; a closing on a house; the completion by the executor of an estate of its distribution.

Webster's New World Law Dictionary. . 2000.

The act of adjusting or determining the dealings or disputes between persons without pursuing the matter through a trial.

Dictionary from West's Encyclopedia of American Law. 2005.

The act of adjusting or determining the dealings or disputes between persons without pursuing the matter through a trial.
II An agreement between the parties disposing of a lawsuit.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

   the resolution of a lawsuit (or of a legal dispute prior to filing a complaint or petition) without going forward to a final court judgment. Most settlements are achieved by negotiation in which the attorneys (and sometimes an insurance adjuster with authority to pay a settlement amount on behalf of the company's insured defendant) and the parties agree to terms of settlement. Many states require a settlement conference a few weeks before trial in an effort to achieve settlement with a judge or assigned attorneys to facilitate the process. A settlement is sometimes reached based upon a final offer just prior to trial (proverbially "on the courthouse steps") or even after trial has begun. A settlement reached just before trial or after a trial or hearing has begun is often "read into the record" and approved by the court so that it can be enforced as a judgment if the terms of the settlement are not complied with. Most lawsuits result in settlement.
   See also: settle

Law dictionary. . 2013.

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