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settlement definition - legal

n

An agreement achieved between the adversaries before judgment in a trial, or before the trial begins, thereby obviating the need for it; completed payment of a debt or contractual obligation; a closing on a house; the completion by the executor of an estate of its distribution.

Webster's New World Law Dictionary Copyright © 2006 by Wiley Publishing, Inc., Hoboken, New Jersey.
Used by arrangement with John Wiley & Sons, Inc.

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