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Simple English definitions for legal terms

final settlement

Read a random definition: legislative-equivalency doctrine

A quick definition of final settlement:

Final settlement is an agreement that ends a disagreement or debt. It's like making a deal to stop fighting and move on. The agreement can include one person paying money or stopping certain actions in exchange for the other person giving up their right to keep arguing or suing. This happens a lot in court cases because it saves time and money. Final settlement can also mean finishing up a will or dividing up someone's things after they die.

A more thorough explanation:

Definition: Final settlement is an agreement between parties to resolve a dispute and prevent future litigation. It can also refer to the satisfaction and closing of a debt or business account after a final payment, or the completion of the execution of a will or distribution of an estate.

For example, in a civil case, the parties may negotiate a final settlement where one party agrees to pay the other a certain amount of money or stop conducting certain actions in exchange for the other party waiving their right to litigate the issue in the future. This reduces litigation costs and clears cases from court dockets.

In another example, when a person owes money to a creditor, they may make a final payment to settle the debt and close the account. This is known as a final settlement.

Similarly, in an estate, the final settlement refers to the completion of the execution of a will or distribution of an estate. This means that all assets have been distributed to the beneficiaries and all debts and taxes have been paid.

final judgment | financial guardian

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19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
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.
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