单词 | settlement |
释义 | settlementDefinitions 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 SentenceThey reaches a settlement outside of court, so they would not have t deal with the long and arduous process of the courts. We agreed on a settlement amount. There was a necessary debate about the exact amount needed to make him whole again. 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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