final settlement


Also found in: Acronyms.

final settlement

n. an agreement reached by the parties to a lawsuit, usually in writing and/or read into the record in court, settling all issues. Usually there are elements of compromise, waiver of any right to re-open or appeal the matter even if there is information found later which would change matters (such as recurrence of a problem with an injury), mutual release of any further claim by each party, a statement that neither side is admitting fault, and some action or payment by one or both sides. In short, the case is over, provided the parties do what they are supposed to do according to the final settlement's terms. With the glut of cases crowding court calendars and overwhelming the system and delays in getting to trial (due to three factors: increased criminal case load, increased litigious nature of society, and an insufficient number of judges), judges encourage attempts to settle, including mandatory settlement conferences with judges or experienced settlement attorneys present. (See: settlement)

References in classic literature ?
"Fetch me the bundle, hag," replied De Vac, "and you shall have gold against a final settlement; more even than we bargained for if all goes well and thou holdest thy vile tongue."
With the Palestinians offering genuine peace and Israel having elected a tough-minded leader who is ready to negotiate a final settlement, perhaps the time is finally at hand.
"17 years of peace process is long enough and time is ripe to find a final settlement to the Naga political problem," said the Governor while addressing a Press Conference here at his Kohima Raj Bhavan Official Residence Saturday.
The rammy threatened to drag on into the new season but a statement from Thistle yesterday said: "A full and final settlement has been agreed in respect of financial claims arising from the resignations."
19 ( ANI ): Chinese President Xi Jinping has unveiled a five-point formula to improve relations with India, and said that the resolution of the boundary dispute between the two nations won't be easy and pending its final settlement 'peace and tranquility' should be maintained on the border without affecting the overall ties.
WHEN Prince William reaches 30 next month he'll be handed a pounds 10million cheque as the final settlement from his mother's will.
The final settlement of the offering is expected to occur during the second quarter of 2012.
"There is no agreement till now regarding the issue of the security ministries among the political blocs, regarding any candidate, as there isn't a final settlement for the issue for the draft-law on the National Council for Strategic Polices (NCSP)," Zuheir al-Aaraji told Aswat al-Iraq news agency on Thursday.
Diageo yesterday said it has agreed a final settlement of an undisclosed sum with ICB, ending two years of litigation between the companies.
Final settlement will be on the third Friday of the delivery month.
If she has taken capital from their property, then this should be reflected in the final settlement. But inherited money or assets is more often than not retained by the beneficiary on divorce.
According to Kashmir Media Service, Mirwaiz Umar Farooq, in a statement issued in Srinagar, said that the APHC was committed to hold meaningful parleys with Pakistan and India for the final settlement of the Kashmir dispute.