settle

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Related to settling estate: Probate estate, Probate law

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 ?
Identigene has been offering a full range of DNA testing services -- including tests used to determine paternity, siblingship and other familial relationships for purposes of immigration, child custody, settling estates and other family-related situations -- since 1993.
The issuance of the death certificates will mean that the victim's relatives can start settling estates and collecting insurance according to the Associated Press.
Trust can also serve as an agent for individuals serving as executors and personal representatives to oversee the complexities involved in settling estates.