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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.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.


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)

Copyright © 1981-2005 by Gerald N. Hill and Kathleen T. Hill. All Right reserved.

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

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.
References in periodicals archive ?
So it was worth a tenner for the Asian tsunami relief fund to watch him perform at the parish church in Settle, North Yorkshire.
News of the new case in Devon came as farmers in the foot-and-mouth hotspot centred around Settle, north Yorkshire, were braced for more bad news.
They were found in the Alum Pot cave in Selside, near Horton in Ribblesdale, Settle, North Yorkshire.
He had been diving in Low Birkwith Cave, at Selside, near Settle, North Yorkshire.
His reception in Settle, North Yorkshire, came as it emerged a MAFF vet had written to Ministry officials at the height of the epidemic claiming it was common knowledge pig farming practices had been a 'time bomb' waiting to go off.
-FISHERMEN yesterday found the body of 13-year-old Hannah Black who drowned with a friend three weeks ago while walking in the River Ribble, near Settle, North Yorkshire on a school trip.