settlement


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Related to settlement: Rural settlement, Human settlement

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.
References in classic literature ?
Ole lived in a leaky dugout somewhere at the edge of the settlement. He was fat and lazy and discouraged, and bad luck had become a habit with him.
"Come into the library, Sir Patrick; and I'll soon settle the settlements! A bit of paper, and a dip of ink.
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.
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."
BUT before relating the adventures of the chairs found it necessary to speak of circumstances that caused the first settlement of New England.
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.
Though we defended ourselves, and repulsed the enemy, yet this unhappy affair scattered our cattle, brought us into extreme difficulty, and so discouraged the whole company, that we retreated forty miles, to the settlement on Clench river.
It was to renew that connection with their country which had been severed by their compulsory expatriation, that they resolved to face all the hazards of a perilous navigation and all the labors of a toilsome distant settlement. Under the mild protection of the Batavian Government, they enjoyed already that freedom of religious worship, for which they had resigned so many comforts and enjoyments at home; but their hearts panted for a restoration to the bosom of their country.
They rushed clamorously into the presence of the Lioness and demanded of her the settlement of the dispute.
Conclusion.--The Certificate.--The French Settlements.--The Post of Medina.--The Basilic.--Saint Louis.--The English Frigate.--The Return to London.
"I'll take another teaspoonful of brandy," said Noel Vanstone, holding out his glass with a trembling hand as the word "settlements" passed Captain Wragge's lips.