settlement

Definitions (4)

1. The finalizing of the sale of a property, as its title is transferred from the seller to the buyer. also called closing.
3. Resolution of a dispute.
4. Payment of benefits from a life insurance policy.

Use settlement in a sentence

They reached a settlement finally and I was glad because it avoided going to court and dealing with that stuff.

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The lawyers agreed on a settlement that would be fair to everyone that was involved in the dispute over the property of the estate.

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If the parties reach a settlement, this supersedes the contract and a court will no longer enforce the terms of the contract, rather it will enforce the settlement.

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