settlement

(redirected from Settlements)
Also found in: Dictionary, Thesaurus, Legal, Financial, Encyclopedia.
Related to Settlements: Urban Settlements

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.
They conveyed him to the nearest settlement, which chanced to be that of his own residence.
She looked in vain for the settlement, for the rugged ditches, the scattered cabins, and the unsightly heaps of gravel.
The staggering figure endeavored to straighten itself, and then slouched away in the direction of the settlement.
And thus was formed the earliest settlement of the Puritans in America.
Many of them went to form a settlement at Charlestown.
Although the settlement of this part of Otsego a little preceded the birth of the author, it was not sufficiently advanced to render it desirable that an event so important to himself should take place in the wilderness.
To the northward of the Rio Negro, between it and the inhabited country near Buenos Ayres, the Spaniards have only one small settlement, recently established at Bahia Blanca.
The settlement is only of recent standing (since 1828); and its growth has been one of trouble.
From that time there was an order that no one should stray far from the settlement.
From that point the business of the settlement flowed smoothly on to its destined end.