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LSDefine

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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[] 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
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
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