Settlement is the concluding phase of a transaction in which the parties involved—typically a buyer and a seller—complete their contractual obligations. This involves the transfer of the asset or property from the seller to the buyer and the payment from the buyer to the seller. ...
A settlement statement is a document provided three days from closing that details every individual cost related to a real estate transaction.
Improved operational efficiency and reduced costs. Global trade management also helps automate trade operations, including order-taking, logistics, electronic filing of required documentation, and settlement activities, leading to significant operational and cash flow improvements. By enabling enhanced visibility...
Settlement litigation can be a good option for the defendant if he believes he is likely to lose the case, as he may then have a greater degree of control over how much money is given to the plaintiff. Settlement litigation can also be a good option for a plaintiff, as the plaintiff re...
The article discusses the settlement regarding the economic clauses of a three year contract between General Motors Corp. (GM) and United Auto Workers (UAW) President Walter Reuther in Detroit, Michigan. It mentions that GM plants are shut down due to local...
A settlement planner is financial advisory team member, someone in your corner, a member of your brain trust, who can provide expert advice, guidance and assistance in a variety of ways to helpdesign the optimal plan for allocation and distribution of plaintiffs' and attorneys' settlement proceed...
Acceptance of the debt settlement letter’s offer means that the debtor will be obligated to stick to the new agreement. The debt will likely show as “settled in full” instead of “paid in full” on the debtor’s credit report, which can do damage to the debtor’s. It is, however,...
Cash settlements occur as part of payments relating to futures contracts and also as part of the settlement process in a legal dispute. In general, a cash settlement is simply the process of using cash to settle some sort of outstanding obligation, thus fulfilling the terms of the transaction ...
a seller may agree to pay one or more of the settlement fees usually paid by the buyer. Having the seller assist with a settlement fee is usually legal, as long as the seller's contribution is detailed in the official agreement between the buyer and seller and doesn't violate any terms ...
The document that used to be called a settlement statement has evolved over time into what is now known as a closing disclosure.