final settlement

final settlement
An agreement fully settling the rights of partners after a dissolution of the partnership. 40 Am J1st Partn § 489. The winding up of the affairs in the estate of a decedent, a receivership, a guardianship, or other fiduciary engagement, preliminary to the closing of the estate and the discharge of the fiduciary. When used in connection with a public transaction and account, the term connotes an administrative determination of the amount due, that is, an appropriate administrative determination of the amount which the government is finally bound to pay, or entitled to receive, as indicated by some public or official act; it does not depend upon the existence of a dispute with the other party. Antrim Lumber Co. v Hannan (CA10 Okla) 18 F2d 548; Anno: 119 ALR 280.

Ballentine's law dictionary. . 1998.

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  • final settlement — An agreement reached by the parties to a lawsuit, usually in writing or read into the record in court, settling all issues. Usually there are elements of compromise, waiver of any right to reopen or appeal the matter even if there is information… …   Law dictionary

  • final settlement of a matter — index disposition (détermina tion) Burton s Legal Thesaurus. William C. Burton. 2006 …   Law dictionary

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  • final settlement — The discharge of an obligation by a transfer of funds and a transfer of securities that have become irrevocable and unconditional …   Euroclear glossary

  • Treaty on the Final Settlement with Respect to Germany — The Treaty on the Final Settlement With Respect to Germany, (or the Two Plus Four Agreement) [German: Zwei plus Vier Vertrag ] was negotiated in 1990 between the Federal Republic of Germany (FRG), the German Democratic Republic (GDR), and the… …   Wikipedia

  • settlement — set·tle·ment n 1: the act or process of settling 2 a: an agreement reducing or resolving differences; esp: an agreement between litigants that concludes the litigation the states finally agreed upon a settlement and a consent decree W. J. Brennan …   Law dictionary

  • settlement payment — Under Title 11 U.S.C. Section 101: (51A) The term settlement payment means, for purposes of the forward contract provisions of this title, a preliminary settlement payment, a partial settlement payment, an interim settlement payment, a settlement …   Glossary of Bankruptcy

  • final — fi·nal adj 1: ending a court action or proceeding leaving nothing further to be determined by the court or to be done except execution of the judgment but not precluding appeal used of an order, decision, judgment, decree, determination, or… …   Law dictionary

  • pending final settlement — the final calculation has not yet been made, the full portion is not yet ready …   English contemporary dictionary

  • settlement — Act or process of adjusting or determining; an adjusting; an adjustment between persons concerning their dealings or difficulties; an agreement by which parties having disputed matters between them reach or ascertain what is coming from one to… …   Black's law dictionary

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