settle


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Settle

To agree, to approve, to arrange, to ascertain, to liquidate, or to reach an agreement.

Parties are said to settle an account when they examine its items and ascertain and agree upon the balance due from one to the other. When the person who owes money pays the balance, he or she is also said to settle it. A trust is settled when its terms are established and it goes into effect.

The term settle up is a colloquial rather than legal phrase that is applied to the final collection, adjustment, and distribution of the estate of a decedent, a bankrupt, or an insolvent corporation. It includes the processes of collecting the property, paying the debts and charges, and remitting the balance to those entitled to receive it.

settle

v. to resolve a lawsuit without a final court judgment by negotiation between the parties, usually with the assistance of attorneys and/or insurance adjusters, and sometimes prodding by a judge. Most legal disputes are settled prior to trial. (See: settlement)

settle

verb settle order on notice, accommodate, agree, agree upon, approve, arrange, arrange matters, arrange matters in dispute, ascertain, bring to terms, bring together, clear up, come to a determination, come to an agreement, come to an understanding, come to terms, compromise, conclude, conficere, constituere, decide, determine once for all, dispose of, end, even the score, harmonize, make a compact, mend, negotiate, put in order, reach a compromise, reconcile, rectify, resolve, reetore harmony, set at rest, set in place, settle, solve, straighten out, strike a bargain, work out
Associated concepts: settle a bill of exceptions, settle a claim, settle a judgment, settle an account, settle an estate, settle an order, settle issues, settle property, settled account
See also: accommodate, adjudge, adjudicate, adjust, administer, agree, arbitrate, arrange, award, choose, close, complete, comply, compromise, concede, conclude, conduct, confirm, contract, decide, deposit, determine, discharge, dwell, embed, hold, intercede, judge, liquidate, locate, lodge, lull, mediate, negotiate, pacify, pay, place, plant, reconcile, recoup, refund, reimburse, remit, remunerate, repose, reside, resolve, rest, return, rule, satisfy, stabilize, stipulate, subside, sustain

TO SETTLE. To adjust or ascertain to pay.
     2. Two contracting parties are said to settle an account when they ascertain what is justly due by one to the other; when one pays the balance or debt due by him, he is said to settle such debt or balance. 11 Alab. R. 419

References in periodicals archive ?
Farrar is an important case for law enforcement defendants when deciding whether to go to trial or to settle a case before trial.
If you haven't got a human loved-one or an animal loved-one to settle down with, resist the temptation to settle down with a blow-up doll or some other sort of loved-one substitute (because that's just wrong).
If the identified position is used to settle the contract, the benefit of the loss should be realized as an adjustment to the taxpayer's realized gain or loss on the deemed disposition of the identified position for its FMV.
A financial instrument that embodies an unconditional obligation, or a financial instrument other than an outstanding share that embodies a conditional obligation, that the issuer must or may settle by issuing a variable number of its equity shares, if, at inception, the monetary value of the obligation is based solely or predominantly on any of the following:
1 It also describes large-value netting arrangements that settle using the Federal Reserve and identifies issues arising in cross-border and multicurrency clearing arrangements.
Regular Way trades of December 27, 28 and 29 will settle on January 2, 3 and 4 respectively.
Moreover, if the claim goes to trial, the decision whether to move forward or settle must be re-evaluated constantly in the face of new evidence and analysis.
Robert Sonnelitter, FASB project manager, explained the proposal "would permit offsetting payables and receivables representing repurchase agreements and reverse repurchase agreements only if they have the same settlement date, are executed with the same counterparty in accordance with a master netting arrangement, involve securities that exist in `book entry' form and settle on securities transfer systems that have the same key elements and operating characteristics as the Fedwire Securities Transfer System.
Where the IRS position is unfavorable to the taxpayer, they can still settle based, among other things, upon the hazards of litigation.
Because individual net payments are far smaller than the gross value of the payment obligations to be settled between and among the parties, the effect of the failure of one of the parties in a net debtor position to settle its payment obligation is far smaller than the effect of unwinding all of the underlying transactions.
While most OTC credit derivative transactions are now matched and confirmed electronically through Deriv/SERV, market participants still bilaterally settle payments over the life of each contract in a fragmented and non-standardized manner.
Kent Jarrell, spokesman for the company's legal team, said Merck could decide to fight some cases aggressively and settle others.