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Settlement
Settlement1) Domicil. The right which a person has of being considered as resident of a particular place. 2) Contracts. The conveyance of an estate, for the benefit of some person or persons. RELATED TERMS-------------------------------------- Right 1) Sometimes it signifies a law, as when we say that natural right requires us to keep our promises, or that it commands restitution, or that it forbids murder. In our language it is seldom used in this sense. 2) It sometimes means that quality in our actions by which they are denominated just ones. This is usually denominated rectitude. 3) It is that quality in a person by which he can do certain actions, or possess certain things which belong to him by virtue of some title. In this sense, we use it when we say that a man has a right to his estate or a right to defend himself. Person This word is applied to men, women and children, who are called natural persons. Resident International law. A minister, according to diplomatic language, of a third order, less in dignity than an ambassador, or an envoy. This term formerly related only to the continuance of the minister's stay, but now it is confined to ministers of this class. 2) Persons. A person coming into a place with intention to establish his domicil or permanent residence, and who in consequence actually remains there. Time is not so essential as the intent, executed by making or beginning an actual establishment, though it be abandoned in a longer, or shorter period. Place Pleading, evidence. A particular portion of space; locality. Conveyance A written document which transfers property from one person to another. In real-estate law, the conveyance usually refers to the actual document which transfers ownership, between persons living (i.e. other than by will), or which charges the land with another's interest, such as a mortgage. Estate A right or interest in property or the property of a deceased person. Benefit This word is used in the same sense as gain and profits. SIMILAR TERMS-------------------------------------- Settle, to To adjust or ascertain to pay. Settlement agreement The written version of the settlement. Settlor The person who sets up a trust. Also referred to as "grantor." PREVIOUS AND NEXT TERMS-------------------------------------- Set Contracts. Foreign bills of exchange are generally drawn in parts; as, "pay this my first bill of exchange, second and third of the same tenor and date not paid;" the whole of these parts, which make but one bill, are called a set. Set aside To cancel, annul, or revoke a prior judgment of a court. Setoff A debt or financial obligation of one spouse that the court weighs against a debt or financial obligation of the other spouse. Set-off Contracts, practice. Defalcation; a demand which a defen-dant makes against the plaintiff in the suit for the purpose of liquidating the whole or a part of his claim. Settle, to To adjust or ascertain to pay. Settlement Settlement agreement The written version of the settlement. Settlor The person who sets up a trust. Also referred to as "grantor." Sever, to Practice. When defendants who are sued jointly have separate de-fences, they may in general sever, that is, each one rely on his own separate defence; each may plead severally and insist on his own separate plea. Severability The understanding that one clause in a contract is independent of the others. Severability clause A clause in a contract providing that even if one clause is found to be illegal or invalid by a court, the others are still operative and must be complied with. We thank you for using the Juridical Dictionary to search for Settlement. If you have a better definition for Settlement than the one presented here, please let us know by making use of the suggest a term option. This definition of Settlement may be disputed by other professionals. Our attempt is to provide easy definitions on Settlement and any other medical topic for the public at large.
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