Final Settlement

Final settlement refers to the conclusive resolution of a financial obligation or transaction. In contexts like insurance claims, legal disputes, or business agreements, it signifies an agreement reached by all parties involved, concluding any outstanding issues or payments. Once final settlement occurs, the involved parties typically can no longer raise further claims or disputes related to the matter. This process ensures clarity and closure, often involving a formal agreement or payment that satisfies all obligations, allowing everyone to move forward without lingering uncertainties.