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LSDefine

Simple English definitions for legal terms

final settlement

Read a random definition: literal canon

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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TGM
18:41
not sure if I should email them to say that, or just hold off on sending it and not give an excuse
18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
18:47
hey yall
18:47
im premed idk why im here
18:48
we’re like cool and sexy and fun I get it
18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
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