- lump-sum settlement
- The commutation of periodical payments into one lump sum to be accepted as in full payment and satisfaction. 58 Am J1st Workm Comp § 548.
Ballentine's law dictionary. Anderson, W.S.. 1998.
lump-sum settlement
Look at other dictionaries:
lump-sum settlement — The payment of an entire debt all at once rather than in installments; the payment of a set amount of money to satisfy a pecuniary obligation that might otherwise continue indefinitely. Dictionary from West s Encyclopedia of American Law. 2005.… … Law dictionary
lump-sum payment — A single payment in contrast to installments; e.g. single premium payment for life insurance; a single lump sum divorce settlement; or single worker s compensation payment in lieu of future monthly installment payments. See also alimony … Black's law dictionary
lump-sum payment — A single payment in contrast to installments; e.g. single premium payment for life insurance; a single lump sum divorce settlement; or single worker s compensation payment in lieu of future monthly installment payments. See also alimony … Black's law dictionary
lump-sum alimony — Settlement or payment of money or property in divorce action made in single payment instead of installments. Sometimes called alimony in gross. See alimony … Black's law dictionary
lump-sum alimony — Settlement or payment of money or property in divorce action made in single payment instead of installments. Sometimes called alimony in gross. See alimony … Black's law 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
settlement — n. 1) to come to, make, negotiate, reach a settlement on 2) a fair, reasonable; tentative settlement 3) a lump sum; marriage; out of court settlement * * * [ setlmənt] make marriage negotiate out of court settlement reach a settlement on … Combinatory dictionary
settlement option — Insurance. any of the options, other than immediate payment in a lump sum, by which the policyholder or beneficiary may choose to have the benefits of a policy paid. * * * … Universalium
settlement option — noun 1. : an option giving to an insured or his beneficiary a choice as to how the liability of an insurance company under its policy is to be discharged 2. : an option of an insurer (as in fire insurance) to repair or rebuild instead of paying… … Useful english dictionary
Structured settlement factoring transaction — A structured settlement factoring transaction describes the selling of future structured settlement payments (or, more accurately, rights to receive the future structured settlement payments). People who receive structured settlement payments… … Wikipedia
