Settlement: In law

In law, a settlement is a resolution between disputing parties about a legal case, reached either before or after court action begins. A collective settlement is a settlement of multiple similar legal cases. [1] The term also has other meanings in the context of law. Structured settlements provide for future periodic payments, instead of a one-time cash payment. Define settlement . settlement synonyms, settlement pronunciation, settlement translation, English dictionary definition of settlement . n. 1. The act or process of settling: the settlement of sediment. 2. a. The settling or establishment of a person or a group of people, as in a new region... Settlement is a term that can refer to different types of communities, structures, transactions, resolutions, or processes. Learn about the various meanings and examples of settlement in different contexts and fields. The meaning of SETTLEMENT is the act or process of settling. How to use settlement in a sentence.