Usually, a policy benefit or claim payment It connotes an agreement between both parties to the policy contract as to the amount and method of payment (G)
a conclusive resolution of a matter and disposition of it an area where a group of families live together
The process by which merchant and cardholder banks exchange financial data and value resulting from sales transactions, cash disbursements and merchandise credits
The payment of cash for securities and, conversely, the delivery of securities against payment - the conclusion of a securities transaction by delivery Settlement is the payment or receipt of an outstanding due at the end of the settlement period
The gradual sinking of a building. Fractures or dislocations caused by settlement
The act or process of adjusting or determining; composure of doubts or differences; pacification; liquidation of accounts; arrangement; adjustment; as, settlement of a controversy, of accounts, etc
(Closing) The process by which all financial dealings and contractual arrangements are completed for the buyer and seller At the time of settlement, or closing, all debts are paid, adjustments made and money disbursed, and a deed is prepared in the new owner's name
A settlement is an agreement to end a disagreement or dispute without going to a court of law, for example by offering someone money. She accepted an out-of-court settlement of £4,000
(1) See financial settlement (2) In the United States, an irrevocable action that relieves the plan or plan sponsor of the obligation for a pension benefit and that eliminates the risk to the plan assets used to carry out the settlement One example of a settlement is payment of a lump-sum benefit to a plan participant, thus discharging any further benefit obligation to the participant Settlement is defined in FASB Statement No 88
Specific date a securities trade is credited to the accounts of the buyer and seller and all evidence of ownership and payment are transferred Settlement for all securities traded on U S exchanges is the third business day after the date of the trade, also known as "T+3 "
something settled or resolved; the outcome of decision making; "the finally reached a settlement with the union"; "they never did achieve a final resolution of their differences"; "he needed to grieve before he could achieve a sense of closure"
Bestowal, or giving possession, under legal sanction; the act of giving or conferring anything in a formal and permanent manner
Meeting between the buyer, seller, and closing agent at which property and funds legally change hands Settlement Costs - See Closing Costs Settlement Sheet - The computation of costs payable at closing which determines the seller's net proceeds and the buyer's net payment
The process of sending a merchant's batch to the network for processing and payment For non-bankcards, the issuer pays the merchant directly (less applicable fees) and then bills the cardholder For bankcards, the acquirer pays the merchant (less applicable fees) with funds from Visa/MasterCard The bankcard issuer then bills the cardholder for the amount of the sale Also see Capture