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.

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

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)

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 ?
Settle, too, took to her Instagram on July 30 to write about her admiration for Salonga and how Salonga is her idol.
Okezie said that the affected banks should approach the court for receivership if Etisalat failed to settle the debt.
Police were then alerted, and in a raid at Settle's home, a total of 6,293 child abuse images which had been downloaded from the internet were discovered - including one video.
Fed up of his behaviour, the man told Settle to "f*** off ", but he came down the stairs and confronted him.
Settle had barely settled in, though, when, on a routine visit to her gynecologist, she mentioned a small lump she'd found in her breast--so small, in fact, that an initial mammogram didn't detect it.
Going forward, parties to any post-grant review must consider the Interthinx decision when evaluating whether to settle a dispute.
Certainly, when a lawsuit comes in that should have been paid on the front end, looks clearly underpaid, or involves claims decisions that could be misconstrued during discovery, settle it before the defense lawyer incurs fees.
If a producer is operating a concrete reclaimer, Drum-Floc can be added to the process and all of the solids will settle out when the slurry is discharged into the basin.
Additionally, AMD is launching the 'Never Settle' version of its AMD Catalyst Driver, which will provide owners of AMD Radeon graphics cards with massive performance improvements in many of their favorite games.
To counterbalance an insured's right to object to a settlement, insurers often include language within consent-to-settle clauses that limits an insurer's liability to the amount for which the claim could have been settled, plus defense costs incurred up to the date of the insured's refusal to settle. This provision is commonly referred to as a "hammer clause"
The duo said their long-term vision was to make Settle a global mobile currency for free trade and micro finance investments without the banking sector "making a sneaky cut every step of the way".
16, 2010, calling for the formation of an 8-12-member committee, to represent different political blocs, to start talks aimed to settle the current suspended differences, discuss the formation of a national-partnership government, as well as the settling of the issue of the three leading Iraqi State presidencies.