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Simple English definitions for legal terms

hilo settlement

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A quick definition of hilo settlement:

Term: Hilo Settlement

Definition: Hilo Settlement is another term for a High-Low Agreement. This is an agreement between two parties in a legal case where they agree on a minimum and maximum amount of money that will be paid out in a settlement. This helps to limit the risk for both parties and can help to avoid a lengthy and expensive trial.

A more thorough explanation:

Definition: A hilo settlement is an agreement between two parties in which they agree to settle a dispute by using a predetermined range of values. This range is typically referred to as a high-low agreement.

Example: Two parties are in a legal dispute over damages resulting from a car accident. They agree to a hilo settlement with a range of $10,000 to $20,000. If the court awards damages less than $10,000, the plaintiff will receive $10,000. If the court awards damages greater than $20,000, the plaintiff will receive $20,000. If the court awards damages within the range of $10,000 to $20,000, the plaintiff will receive the amount awarded by the court.

This example illustrates how a hilo settlement works. The parties agree to a range of values that they are willing to accept as a settlement. This helps to avoid the uncertainty and expense of a trial. If the court awards damages within the range, the plaintiff receives the amount awarded by the court. If the court awards damages outside of the range, the plaintiff receives the predetermined amount agreed upon in the hilo settlement.

Hilary sittings | Hilton doctrine

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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.
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
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