settlement

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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 ?
The subject of marriage settlements is one of them.
I considered, as a great public acquisition, the commencement of a settlement on that point of the western coast of America, and looked forward with gratification to the time when its descendants should have spread themselves through the whole length of that coast, covering it with free and independent Americans, unconnected with us but by the ties of blood and interest, and enjoying like us the rights of self-government.
From the first discovery of the Western Hemisphere by Columbus until the settlement of Virginia which immediately preceded that of Plymouth, the various adventurers from the ancient world had exhibited upon innumerable occasions that ardor of enterprise and that stubbornness of pursuit which set all danger at defiance, and chained the violence of nature at their feet.
Invited and urged by the open-hearted and truly benevolent people who had given them an asylum from the persecution of their own kindred to form their settlement within the territories then under their jurisdiction, the love of their country predominated over every influence save that of conscience alone, and they preferred the precarious chance of relaxation from the bigoted rigor of the English Government to the certain liberality and alluring offers of the Hollanders.
We remained there undisturbed during the Winter; and on the first day of May, 1770, my brother returned home to the settlement by himself, for a new recruit of horses and ammunition, leaving me by myself, without bread, salt or sugar, without company of my fellow creatures, or even a horse or dog.
I remained with my family on Clench until the sixth of June,1774, when I and one Michael Stoner were solicited by Governor Dunmore, of Virginia, to go to the Falls of the Ohio, to conduct into the settlement a number of surveyors that had been sent thither by him some months before; this country having about this time drawn the attention of many adventurers.
Friend, you are at liberty to go into the settlements, and there I would advise you to tarry, as men like me who make but few contracts, do not relish the custom of breaking them so easily.
If the heart of the child is truly in the settlements, let her declare it; she shall have no let or hinderance from me.
When she got back to the Norwegian settlement, her poor feet were as hard as hoofs.
Many of them went to form a settlement at Charlestown.
From that point the business of the settlement flowed smoothly on to its destined end.
In the first case, I must be prepared, beforehand, to draw your settlement, and I ought not to do that without, as a matter of politeness, first consulting you.