In law, a settlement is a resolution between disputing parties about a legal case, reached either before or after court action begins.
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The term "settlement" also has other meanings in the context of law.
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Structured settlements provide for a periodic payment.
A structured settlement is a negotiated financial or insurance arrangement whereby a claimant agrees to resolve a personal injury tort claim by receiving some part of the settlement in the form of periodic payments on an agreed schedule, rather than as a lump sum.