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LSDefine

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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ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
soapy
8:48
UMN under review! As predicted, decisions are gonna come out early December
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