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Simple English definitions for legal terms

trader's settlement

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A quick definition of trader's settlement:

A trader's settlement is a way of giving property or money to someone in a different way than they would normally receive it. It was often used to keep property in the family or to divide money among heirs. It could also be a way to end a disagreement or lawsuit. Sometimes, the settlement is paid out over time or in periodic payments. In some cases, a person who is very sick may sell their life insurance policy to someone else for a lump sum of money. This is called a viatical settlement.

A more thorough explanation:

A trader's settlement is a type of property settlement in which the land is put into a trust for sale. The proceeds from the sale can either be paid out to beneficiaries over time or divided among the settlor's heirs. This is different from a strict settlement, which aimed to keep the estate within the family by creating successive interests in tail and shielding remainders from destruction by the interposition of a trust.

For example, if a trader wants to sell their land and divide the proceeds among their children, they can create a trader's settlement. The land will be put into a trust, and when it is sold, the money will be distributed according to the terms of the settlement.

Another example of a settlement is a structured settlement, which is 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 can be advantageous over a lump-sum cash payment, as it allows for deferred payments or arranged settlements that may serve particular purposes that a cash settlement could not reach.

Trade-Related Aspects of Intellectual Property Rights | trades council

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if there's no gtown today that would be so cruel
surely gtown 12 minutes from now
I'm a chromokopia fan, but I don't like Tyler outside of that album
theres the spirit!!
JumpySubsequentDolphin
17:18
@SplitterusClitterus: did you like cmiygl? that’s one of my all time fave albums
Kind of a controversial take. I like experimental albums a lot
babycat
17:19
liking chromakopia and not Tyler's other stuff is crazy to me
JumpySubsequentDolphin
17:19
perhaps im biased bc i saw him live when he performed cmiygl for the first time
i think it is a controverisal take and i usually do too, i also think im giving an opinion too early cuz i habvent finished it at all
yeah seeing him live prob makes it a million times better
Thought I was dead is great raps
2024 such a great year for rap
JumpySubsequentDolphin
17:21
i like noid
even outside the beef. Noid is great too
JumpySubsequentDolphin
17:22
boogies album was the worst ever
JumpySubsequentDolphin
17:22
and i LOVE boogie
JumpySubsequentDolphin
17:23
like i would do anything for one chance w that man but better off alone and me vs myself were both not good
He's never really been my style tbh
shaquilleoatmeal
17:43
went to eat - did anyone guess the bowl lmao
shaquilleoatmeal
17:43
ooo yall were too busy with that kendrick shit
shaquilleoatmeal
17:45
put me on - whats the first song on the album thats heat
babycat
17:45
I don’t know sweetgreen like that because I’m not part of the PMC. your legs looked super tan though
hey now is my favorite
peekaboo, squabble up, tv off and gnx good too. Heart pt 6 and reincarnated for straight lyricism
shaquilleoatmeal
17:49
@babycat: should i bring you to sg next time im in ct?
shaquilleoatmeal
17:49
@ImpartialLion: any obvious diss tracks on there?
Whole thing got clear disses, but wacced out murals has the most obvious call outs
babycat
17:50
i used to work in an office two doors up the street from one and you can really see the glazed sweetgreen stare on the face of all those morgan stanley guys
BulbasaurNoLikeCardio
17:51
I have this professor for a legal analysis and writing for clients class that said you will need a JD and legal experience to get an A. He also grades ridiculously hard but leaves no comments on why you got that grade or what you did wrong. Dude is pissing me off with the whole you are wrong figure it out approach.
babycat
17:51
that’s just not proper teaching what a dickhead
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