settlement money

Settlement money is a sum of compensation awarded to a person or entity after a legal dispute is resolved outside of court, often through an agreement between both parties. It aims to settle claims or damages without going to trial. The amount can address various issues, such as personal injury, contract disputes, or other conflicts, and is typically paid by the party found responsible or as part of a negotiated agreement. Think of it as a financial resolution that settles the matter without ongoing litigation, providing closure and compensation to the affected party.