Simple English definitions for legal terms
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Settlement: A settlement is an agreement that ends a disagreement or problem between people or companies. It means they have decided to stop fighting and have come to an agreement. Sometimes, they keep the agreement private. In business, settlement means paying off a debt or closing an account. In wills and estates, settlement means finishing all the tasks that need to be done after someone dies, like giving away their things to the people they wanted to have them.
Definition: Settlement can mean different things depending on the context. Here are some common definitions:
Overall, settlement refers to the resolution of a dispute or the completion of a task related to a legal matter or estate. It can involve agreements, payments, and the distribution of assets.