settlement

settlement
The ending of a controversy by agreement. The determination of an issue or of the correctness of an account. The payment of an obligation. The order made upon a trustee's account, determining the amount of the trust in the hands of the trustee and his liability therefor, decreeing distribution to the parties entitled thereto, and in the case of a continuing trust, re-awarding the body of the trust to the trustee for further administration. 54 Am J1st Trusts § 511. An administrative determination of the amount due from the United States upon a public contract. Illinois Surety Co. v United States, 240 US 214, 221, 60 L Ed 609, 614, 36 S Ct 326. The actual occupation of lands by a pre-emptor for the purpose of obtaining title thereto from the government. 42 Am J1st Pub L § 22. As a prerequisite to the acquisition of public lands of the United States, the term is used as comprehending acts done on the land by way of establishing or preparing to establish an actual personal residence-going thereon and, with reasonable diligence, arranging to occupy it as a home to the exclusion of one elsewhere. The law makes it plain that there must be a definite purpose in good faith to obtain a home by proceeding faithfully and honestly to comply with all the requirements. See Great Northern Railway Co. v Reed, 270 US 539, 545, 70 L Ed 721, 724, 46 S Ct 380. A settlement on public lands of the United States with a view to pre-empt is made by a person who inhabits and improves such land and erects a dwellinghouse thereon, in good faith and with a view and intent of obtaining title to the same by complying with the provisions of the pre-emption law of the United States. See Peterson v First Division St. Paul & Pacific Railroad Co. 27 Minn 218, 222. See compromise and settlement; equity for a settlement; family settlement; marriage settlement; property settlement.

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

  • Settlement — may refer to:* Consolidation (soil), settlement in soil * Human settlement, permanent community where people live ** Israeli settlement, communities inhabited by Israeli Jews in territory that came under Israel s control as a result of the 1967… …   Wikipedia

  • Settlement — Set tle*ment, n. 1. The act of setting, or the state of being settled. Specifically: [1913 Webster] (a) Establishment in life, in business, condition, etc.; ordination or installation as pastor. [1913 Webster] Every man living has a design in his …   The Collaborative International Dictionary of English

  • Settlement — steht für Settlement (Finanzwesen) Cash settlement Finanzbegriff Permanent Settlement, Steuerbegriff Siehe auch Act of Settlement Latin Settlement The Settlement Selkirk Settlement Settlement Indians …   Deutsch Wikipedia

  • settlement — [n1] decision, conclusion adjustment, agreement, arrangement, clearance, compact, compensation, completion, conclusion, confirmation, contract, covenant, deal, defrayal, determination, discharge, disposition, establishment, happy medium*,… …   New thesaurus

  • settlement — [set′ lmənt] n. 1. a settling or being settled (in various senses) 2. a new colony, or a place newly colonized 3. a) a small or isolated community; village b) a community established by the members of a particular religious or social group 4. an… …   English World dictionary

  • Settlement — (engl., spr. ßéttl ment), Niederlassung, Ansiedelung, Kolonie; auch Festsetzung, Vermächtnis, Anordnung, z. B. über Güterschluß oder Entail (s. d.). – S. (Toynbeehalle) heißt auch eine Ansiedelung akademisch gebildeter Männer in einem… …   Meyers Großes Konversations-Lexikon

  • Settlement — (engl., spr. ßéttlment), Niederlassung, Ansiedlung; Settler, Ansiedler …   Kleines Konversations-Lexikon

  • settlement — The transferring of property to another person or a gift. Under certain circumstances, settlements are void against the Trustee and are brought back into the bankruptcy estate. (Dictionary of Canadian Bankruptcy Terms) United Glossary of… …   Glossary of Bankruptcy

  • settlement — 1640s, act of fixing or steadying; from SETTLE (Cf. settle) (v.) + MENT (Cf. ment). Meaning colony is attested from 1690s; that of payment of an account is from 1729 …   Etymology dictionary

  • settlement — ► NOUN 1) the action or process of settling. 2) an official agreement intended to settle a dispute or conflict. 3) a place where people establish a community. 4) Law an arrangement whereby property passes to a person or succession of people as… …   English terms dictionary

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