voluntary settlement

voluntary settlement
A dissolution and winding up of the affairs of a partnership, effected by the partners without court action. See compromise; settlement; voluntary payment.

Ballentine's law dictionary. . 1998.

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  • 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

  • voluntary — Unconstrained by interference; unimpelled by another s influence; spontaneous; acting of oneself. Coker v. State, 199 Ga. 20, 33 S.E.2d 171, 174. Done by design or intention. Proceeding from the free and unrestrained will of the person. Produced… …   Black's law dictionary

  • voluntary — voluntarily /vol euhn tair euh lee, vol euhn ter /, adv. voluntariness, n. /vol euhn ter ee/, adj., n., pl. voluntaries. adj. 1. done, made, brought about, undertaken, etc., of one s own accord or by free choice: a voluntary contribution. 2. of,… …   Universalium

  • voluntary — /ˈvɒləntri / (say voluhntree), / ləntəri/ (say luhntuhree), Originally US / tɛri/ (say teree) adjective 1. done, made, brought about, undertaken, etc., of one s own accord or by free choice: a voluntary contribution. 2. acting of one s own will… …  

  • voluntary — vol•un•tar•y [[t]ˈvɒl ənˌtɛr i[/t]] adj. n. pl. tar•ies 1) done, made, brought about, or undertaken of one s own accord or by free choice: a voluntary contribution[/ex] 2) of, pertaining to, or acting in accord with the will 3) of, pertaining to …   From formal English to slang

  • Settlement conference — A settlement conference is a meeting between opposing sides of a lawsuit at which the parties attempt to reach a mutually agreeable resolution of their dispute without having to proceed to a trial. Such a conference may be initiated through… …   Wikipedia

  • 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 (litigation) — Civil procedure in the United States Federal Rules of Civil Procedure Doctrines of civil procedure Jurisdiction Subject matter jurisdiction Diversity jurisdiction Personal jurisdiction Removal jurisdiction Venue Change of venue …   Wikipedia

  • Voluntary Bankruptcy — A type of bankruptcy where an insolvent debtor brings the petition to a court to declare bankruptcy because he or she (in the case of an individual) or it (in the case of a business entity) is unable to pay off debts. The bankruptcy is intended… …   Investment dictionary

  • settlement — 1) The payment of an outstanding account, invoice, charge, etc. 2) A disposition of land, or other property, made by deed or will under which a trust is set up by the settlor. The settlement names the beneficiaries and the terms under which they… …   Big dictionary of business and management

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