Definition, Meaning & Synonyms
settle-a-claim
verb phrase
/ˈsɛtəl ə kleɪm/
Definition
To resolve a demand for compensation or payment that has been made, usually in the context of insurance or legal matters.
Examples
- After months of negotiation, the insurance company decided to settle the claim for damages.
- The two parties were able to settle the claim out of court, saving both time and legal fees.
Meaning
Settling a claim involves coming to an agreement on the amount to be paid to resolve a dispute or accident, rather than proceeding to a court case or extended negotiation.
Synonyms
- resolve a claim
- compromise
- reach an agreement
