settlement


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Related to settlement: Rural settlement, Human settlement

settlement

Etymology: AS, setlan, to put in place
(in law) an agreement made between parties to a suit before a judgment is rendered by a court.

settlement

1. In health insurance, payment to the policyholder for claims made against the insurance company.
2. In liability or malpractice litigation, an agreement between disputants that satisfies the needs of both parties.

viatical settlement

The purchase—at a discount—of a life insurance policy from a gravely ill patient. The buyer becomes the beneficiary of the policy; the viator receives a lump sum payment before dying.

settlement,

n an agreement made between parties to a suit before a judgment is rendered by a court.

settlement

legal term for a claim for damages resolved out of court by the defendant by making a settlement.
References in classic literature ?
No European settlement ever formed upon this continent has been more distinguished for undeviating kindness and equity toward the savages.
Within two years after their landing, they beheld a rival settlement attempted in their immediate neighborhood; and not long after, the laws of self- preservation compelled them to break up a nest of revellers, who boasted of protection from the mother country, and who had recurred to the easy but pernicious resource of feeding their wanton idleness, by furnishing the savages with the means, the skill, and the instruments of European destruction.
From that time there was an order that no one should stray far from the settlement.
You doubtless understand me as now referring to the subject of settlements.
The subject of marriage settlements is one of them.
If the latter by chance comes among them on his way to and from the settlements, he is like a game-cock among the common roosters of the poultry-yard.
I filled my tubs with the sweetest honey I ever sent to the settlements, besides housing a dozen hives; and your bag was near bursting with a crawling museum.
I am glad to hear that so many of them are saved, though I know not the value of the animals you name; which is nothing uncommon, seeing how long it is that I have been out of the settlements.
Stranger-originated and investor-originated life insurance is a fast-growing and huge piece of the overall life settlement market, said North Dakota Insurance Commissioner Jim Poolman, chairman of the National Association of Insurance Commissioners' Life Insurance and Annuities Committee.
Basically, it means we exercise our independent judgment surrounding both the legal and factual disagreements in arriving at a particular settlement offer.
The practice has become widespread: the Life Settlement Institute reported last April that to date, life settlements have paid life insurance policy owners an aggregate of more than $1 billion over surrender value for their policies.
A life settlement turns insurance assets into cash, giving the original policyholder an amount greater than the cash surrender value in exchange for ownership of the policy.