Definition, Meaning & Synonyms

financial-settlement

Noun

/faɪˈnænʃəl ˈsɛtəlmənt/

Definition

The process of resolving a financial transaction or obligation, often involving the payment of a sum of money to conclude a deal or dispute.

Examples

The financial settlement was reached after months of negotiations.
After the accident, the parties involved agreed on a financial settlement to avoid going to court.
The company handled the financial settlement swiftly to maintain its reputation.

Meaning

Financial settlement refers to the finalization of financial agreements, ensuring that all parties involved receive or pay the appropriate amounts as agreed upon. This can occur in various contexts, including real estate, investments, legal cases, and more.