Definitions (5)
Related Terms
1. Law: (1) Conclusion of an agreement under which a party (called the obligor) fulfills its promise to another party (called the obligee). (2) Conveyance of a property (or the settlor's interest in it) to provide for the trust's one or more beneficiaries. (3) Winding up and final distribution of a deceased's estate.
2. Selling: Conclusion of a transaction where what was bought is delivered to the buyer, and payment for which is made to the seller.
3. Real estate: Conveyance of a property to its purchaser and (in case of a mortgage) recording of the lender's lien.
4. Negotiations: Agreement reached between two or more contending parties.
5. Securities: Delivery of a security by a seller to a buyer on or before the settlement date (typically, 3 business days after the trading date).

Use 'settlement' in a Sentence

They reaches a settlement outside of court, so they would not have t deal with the long and arduous process of the courts.
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We agreed on a settlement amount. There was a necessary debate about the exact amount needed to make him whole again.
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In a legal case if you don't want to be involved in a long drawn out trial it may be better to just reach a settlement.
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