Settlements

Settlements, in the context of finance, generally refer to negotiated agreements between parties to resolve a financial dispute or obligation. In a settlement, the parties involved reach a mutually acceptable arrangement to resolve outstanding debts or legal claims. This can involve a variety of scenarios, such as debt settlement, where a debtor and creditor agree to a reduced payment amount to satisfy a debt, or legal settlements, where parties resolve a financial dispute outside of court through a negotiated settlement amount. Settlements aim to provide a resolution that is acceptable to all parties involved and often involve a compromise or payment of a specific agreed-upon sum.