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Settlement offer. A settlement offer or offer to settle is an offer to resolve an outstanding issue or account. This may involve a statutory offer to compromise in a civil lawsuit. In either case, it involves communication from one party to the other suggesting a settlement, or an agreement to fully and finally resolve the outstanding issue ...
In law, a settlement is a resolution between disputing parties about a legal case, reached either before or after court action begins. A collective settlement is a settlement of multiple similar legal cases. [ 1] The term also has other meanings in the context of law. Structured settlements provide for future periodic payments, instead of a one ...
A settlement hierarchy is a way of arranging settlements into a hierarchy based upon their size. The term is used by landscape historians and in the National Curriculum [ 1] for England. The term is also used in the planning system for the UK and for some other countries such as Ireland, India, and Switzerland.
v. t. e. Alternative dispute resolution ( ADR ), or external dispute resolution ( EDR ), typically denotes a wide range of dispute resolution processes and techniques that parties can use to settle disputes with the help of a third party. [ 1] They are used for disagreeing parties who cannot come to an agreement short of litigation.
Structured settlement. A structured settlement is a negotiated financial or insurance arrangement through which a claimant agrees to resolve a personal injury tort claim by receiving part or all of a settlement in the form of periodic payments on an agreed schedule, rather than as a lump sum. As part of the negotiations, a structured settlement ...
Closing (real estate) The closing (also called the completion or settlement) is the final step in executing a real estate transaction. It is the last step in purchasing and financing a property. [1] On the closing day, ownership of the property is transferred from the seller to the buyer. In most jurisdictions, ownership is officially ...
t. e. In law, conveyancing is the transfer of legal title of real property from one person to another, or the granting of an encumbrance such as a mortgage or a lien. [ 1] A typical conveyancing transaction has two major phases: the exchange of contracts (when equitable interests are created) and completion (also called settlement, when legal ...
That is to say, a letter of credit is a payment method used to discharge the legal obligations for payment from the buyer to the seller, by having a bank pay the seller directly. Thus, the seller relies on the credit risk of the bank, rather than the buyer, to receive payment.
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