final settlement
Dispute's closing agreement
Final settlement is the conclusive resolution of a financial obligation or legal matter.
In banking, it's the irrevocable transfer of funds between parties—once final settlement occurs, the transaction cannot be reversed.
In legal contexts, it's the agreement that ends a dispute: The divorce included a final settlement of property and custody.
Insurance claims reach final settlement when the insurer makes its last payment.
- closureSense of emotional resolution
- resolutionFormal decision or determination
- paymentFulfilling a financial obligation
- lump sumEntire amount at once
- agreementShared position between parties
out of court · divorce · clean break · arbitration · payout · compensation · negotiation · legal fees · contract · dotted line · deed · severance · liquidation · closing costs · estate · claims · verdict · terms
- insurance claimsclaim form, claim filing, claims processing, claims adjuster, adjuster
- insurance payoutsclaim, death benefit, life insurance payout, lump sum, indemnity
final, settle, settlement, finals, finally, finale, finality, finalize, finalized