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Simple English definitions for legal terms

derivative settlement

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A quick definition of derivative settlement:

Derivative settlement refers to the outcome of a legal agreement or court case, where parties involved come to a resolution. This can involve the transfer of property or money, the end of a dispute, or the execution of an estate. In some cases, a settlement may involve periodic payments over time, rather than a lump sum. Viatical settlements are a specific type of agreement where a terminally or chronically ill person sells their life insurance policy to a third party for a lump sum payment.

A more thorough explanation:

Derivative settlement is a type of settlement that is negotiated as an outcome of a derivative action. This means that it is a settlement that is reached in a legal case where a shareholder sues a company on behalf of the company itself. The settlement is negotiated between the shareholder and the company, and it usually involves some form of compensation or change in company policy.

For example, if a shareholder sues a company for mismanagement, the derivative settlement might involve the company agreeing to change its management practices or to compensate the shareholder for any losses they suffered as a result of the mismanagement.

Another example of derivative settlement is in the context of viatical settlements. This is a transaction where a terminally or chronically ill person sells the benefits of a life insurance policy to a third party in return for a lump-sum cash payment. The settlement is negotiated between the viator and the investor, and it usually involves the viator receiving a percentage of the policy's face value in exchange for the investor receiving the insurance benefit when the viator dies.

Overall, derivative settlement is a type of settlement that is negotiated in a legal case where a shareholder sues a company on behalf of the company itself or in the context of viatical settlements. It involves a negotiated outcome between the parties involved and usually involves some form of compensation or change in policy.

derivative power | derivative suit

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
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JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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