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LSDefine

Simple English definitions for legal terms

full settlement

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A quick definition of full settlement:

Full settlement refers to a complete agreement between two parties to end a dispute or lawsuit. It can also refer to the conveyance of property to beneficiaries in a way that differs from what they would receive as heirs. In some cases, a court may be involved in the settlement process, but it can also be reached outside of court. A structured settlement is one where the defendant agrees to pay periodic sums to the plaintiff for a specified time. Viatical settlements are transactions 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 establishment of a legal residence is also referred to as settlement.

A more thorough explanation:

Definition: Full settlement refers to the settlement and release of all pending claims between the parties. It is a legal agreement that ends a dispute or lawsuit.

For example, if two parties are involved in a legal dispute, they may reach a full settlement agreement to resolve the issue. This agreement would release both parties from any further legal action related to the dispute.

Full settlement can also refer to the complete execution of an estate by the executor. This means that all the assets and debts of the estate have been distributed and settled according to the wishes of the deceased.

Another example of full settlement is in structured settlements, which are common in personal injury and product liability cases. In a structured settlement, the defendant agrees to pay periodic sums to the plaintiff for a specified time. This type of settlement may have advantages over a lump-sum cash payment, as it can serve particular purposes that a cash settlement could not reach.

Overall, full settlement is a legal agreement that brings an end to a dispute or lawsuit, or the complete execution of an estate by the executor.

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Dkk
19:42
Maybe, didnt happen last time.
19:42
it was hard to not improve it. google search was terrible due to the ads and seo cheaters with buzz words and alt text
Dkk
19:42
SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
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
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