Quick Answer: What Does A Settlement Mean?

What does settlement payment mean?

Settlement Payment means the transfer, or contractual undertaking (including by automated clearing house transaction) to effect a transfer, of cash or other property to effect a Settlement..

What are 4 types of settlement?

There are 5 types of settlement classified according to their pattern, these are, isolated, dispersed, nucleated, and linear. An isolated settlement consists of a single farm or house very remote from any other one, usually found in farming or hunting rural communities.

What is the difference between clearing and settlement?

Settlement is the actual exchange of money, or some other value, for the securities. Clearing is the process of updating the accounts of the trading parties and arranging for the transfer of money and securities. … Central clearing uses a third-party — usually a clearinghouse — to clear trades.

How did Settlements Begin?

Settlements may include hamlets, villages, towns and cities. A settlement may have known historical properties such as the date or era in which it was first settled, or first settled by a particular people. … Remains of settlements such as villages become much more common after the invention of agriculture.

How would you define a settlement?

English Language Learners Definition of settlement : a formal agreement or decision that ends an argument or dispute also : an amount of money that someone receives as part of such an agreement. : the act or process of settling an argument or disagreement.

What is divine settlement?

When the Almighty God is involved in the affairs of man, things begins to move in an unusual, unprecedented way. When God decides to be involved in the affairs of man, every obstacle becomes surmounted, the forces of heaven begins to work for such a one. That is what is known as define settlement.

How do settlements work?

When the defendant and the plaintiff in a lawsuit agree to settle a claim with a structured settlement, the parties negotiate a cash amount payable by the defendant in exchange for the plaintiff dropping the lawsuit. The money is distributed as a series of periodic payments, typically funded through an annuity.

What is land settlement?

: the act of arranging the terms and incidence of the land tax in specific areas.

What is sparse settlement?

The type of surrounding area “sparse settlement” characterizes mainly suburban areas. In the urban climate simulations, it is characterised by the following area division: ◾ 12.0 % buildings, ◾ 22.0 % impervious surface without buildings, ◾ 46.2 % low canopy vegetation, and ◾ 19.8 % bare soil.

Why is it better to settle out of court?

Settlement is faster, less expensive, and less risky. Most personal injury cases settle out of court, well before trial, and many settle before a personal injury lawsuit even needs to be filed. Settling out of court can provide a number of advantages over litigating a case through to the (often bitter) end.

What is an example of a settlement?

An example of a settlement is when divorcing parties agree on how to split up their assets. An example of a settlement is when you buy a house and you and the sellers sign all the documents to officially transfer the property. An example of settlement is when the colonists came to America.

What is importance of settlement?

A settlement brings the dispute to an end so you can put the complaint behind you and move on. Settlement is usually much faster, with less steps than the hearing process. Settlement talks are confidential. No one can use what you said or offers you make against you if the complaint continues.

What is a settlement site?

The site of a settlement is the land upon which it was built. There is a range of human and physical factors that determine the site of a settlement. The factors that affect the site of a settlement include: relief – the shape of the land affects where buildings are constructed and flat land is preferable for building.

What are the settlement factors?

Human Settlement Factors:Body of water (transportation routes, water for drinking and farming)Flat land (easy to build)Fertile soil (for crops)Forests (timber and housing)

What is the difference between payment and settlement?

If you’ve paid in full, then you’ve paid off the entire balance and interest, while settled in full means you’ve paid less than entire loan amount, usually with negative consequences.