Settlement Fund

A Settlement Fund is a pool of money set aside to resolve legal claims or disputes. This fund is often created as part of a lawsuit settlement, where the parties agree on a specific amount to compensate those affected without going to trial. The money in the fund is used to pay individuals or entities who are eligible to receive compensation, based on the terms of the settlement. It ensures that the financial resources are available to address the claims, providing a structured way to distribute funds fairly among claimants.