Definition, Meaning & Synonyms

amicable settlement

noun

ˈæmɪkəbl ˈsɛtəlmənt

Definition

An amicable settlement is a resolution to a dispute or conflict that is achieved through friendly negotiation and agreement between the parties involved, without resorting to legal proceedings.

Examples

The couple reached an amicable settlement regarding their divorce, ensuring both parties were satisfied with the terms.
After months of negotiations, the business partners finally arrived at an amicable settlement that benefited everyone.

Meaning

The term refers to a peaceful and mutually agreeable outcome to a disagreement, often aiming to maintain a good relationship between the interested parties.