BNET Business Dictionary
Business Definition for: Settlement
- the portion of an electronic transaction during which the customer's credit card is charged for the transaction and the proceeds are deposited into the merchant account
- the payment of a debt or charge
Wiktionary Definition for: Settlement
- The state of being settled.
- ''(Law):'' A disposition of property, or the act of granting it.
- A colony newly established; a place or region newly settled.
- ''(Architecture):'' The gradual sinking of a building. Fractures or dislocations caused by settlement.
- ''(Law):'' A settled place of abode; residence; a right growing out of legal residence.
- finance The delivery of goods by the seller and payment for them by the buyer, under a previously agreed trade or transaction or contract entered into.
Additional Resources
- Final Settlement of UnitedHealth Backdating Case
- Last year, we discussed a preliminary settlement of allegations against the leadership of one of the US (and the world's) biggest health care insurance companies/ managed care organization. Now the settlement appears final, as reported by the AP and published in the NY Times,UnitedHealth Group Inc. moved closer to finally...
- News items 2009-08-12
- U.C. Professors Air Google Book Search Settlement Concerns
- 18 faculty members for the University of California say they are concerned about the Google Book Search settlement. Though the professors aren't opposing the deal, they are seeking changes that will prevent price-gouging, as well as mechanisms to let academic authors of orphan books license their books to the public...
- News items 2009-08-17
- Pfizer Settlement in Trovan Case Interrupted by Judge Who Wants Fairness Hearing
- A settlement in the Pfizer Trovan case looked so imminent that the governor of Nigeria's Kano state pictured reportedly headed to London to sign it today, but a U.S. judge ordered a hearing into whether the settlement is fair, and that is scheduled for June 1. Back...
- Blog posts 2009-05-11
- Stone Street Capital, LLC Announces Release of Third Article in Educational Series on the Structured Settlement Market
- Stone Street Capital , LLC, a leader in the lump sum industry, announced today the release of "The Structured Settlement Market," the third article in their educational series on the structured settlement market. "The Structured Settlement Market" is an overview of the structured settlement industry and the...
- Research articles 2008-04-24
- SEC, BofA Plead For Merrill Bonus Settlement
- By Jonathan Stempel NEW YORK (Reuters) - Bank of America Corp BAC and the top U.S. securities regulator sought to persuade a judge to approve their $33 million settlement of a civil lawsuit over the lack of disclosure of billions of dollars of bonuses at Merrill Lynch & Co. A...
- News items 2009-08-24
- RESPA: The Real Estate Settlement Procedures Act
- The Real Estate Settlement Procedures Act RESPA is a consumer protection statute, first passed in 1974. One of its purposes is to help consumers become better shoppers for settlement services. Another purpose is to eliminate kickbacks and referral fees that increase unnecessarily the costs of certain settlement services. RESPA requires...
- White papers 2005-07-01
- Regulators file objections to Pru settlement. (Prudential Insurance Company of America misconduct settlement with policyholders)
- Insurance regulators from Massachusetts, Texas, and Florida filed objections to the Prudential Insurance Company of America's proposed settlement with policyholders of sales misconduct charges. The $410 million settlement would cover 10.7 million policyhoInsurance regulators from Massachusetts, Texas, and Florida filed objections to the Prudential Insurance Company of America's proposed settlement...
- Research articles 1996-12-23
- Infinity-AABA settlement may precipitate more deals; others say expensive settlement is unique to Infinity, market. (Infinity Broadcasting, African American Business Association, radio broadcasting industry)
- Others say expensive settlement is unique to Infinity, market The settlement between Infinity Broadcasting and a minority business group that sought to block its purchased of WPGC-AM-FM Washington may set a "troublesome precedent" th Others say expensive settlement is...
- Research articles 1994-05-30
- Settlement Proceeds Received under Settlement Agreement in InfoSpace Derivative Case, Section 16b Case, and Certain Related Cases Brought by the Jains
- BELLEVUE, Wash. -- InfoSpace, Inc. (Nasdaq:INSP) today announced that final settlement has been obtained and settlement proceeds of approximately $83 million plus accrued interest have been received by the company pursuant to the combined Settlement Agreement described in its release dated December 23, 2004, and reprinted below. The combined Settlement...
- Research articles 2005-03-28
- Schick Technologies Comments on SEC Settlement Conference
- LONG ISLAND CITY, N.Y. -- Schick Technologies, Inc. (OTC BB: SCHK) today announced that it has not yet reached a settlement with the Securities and Exchange Commission and that it intends to continue settlement discussions with the SEC. At the recent closed-door settlement conference, held before the Court on October...
- Research articles 2004-10-26
- The Association of Settlement Companies' Executive Board Member Wesley Young Selected as Panelist for the FTC Workshop on Debt Settlement
- MADISON, Wis. -- The Association of Settlement Companies TASC, a non-profit organization that promotes fair business practices, consumer protection and high industry standards for the debt settlement industry, will be a featured presenter at the Federal Trade Commission's workshop examining the debt settlement industry on September 25 in Washington D.C....
- Research articles 2008-09-17
- How Pfizer Hid a $2.3 Bill. Bextra Settlement in Plain Sight
- BNET pointed out today that the announcement of Pfizer's acquisition of Wyeth formed a welcome distraction for Pfizer from the news that the company was also paying a $2.3 billion settlement to make the Department of Justice stop investigating the company's illegal promotion of discontinued Cox-2 painkiller Bextra. ...
- Blog posts 2009-01-26
- Stone Street Capital, LLC Announces the Launch of an Educational Series on the Structured Settlement Market
- Stone Street Capital , LLC, a leader in the lump sum industry, announced today a planned series of informative papers aimed at educating structured settlement recipients of their payout options. The series kicks off with "10 FAQ's About Structured Settlement Transfers." The article answers the...
- Research articles 2008-01-17
- Reminder - Stone Street Capital, LLC Announces the Launch of an Educational Series on the Structured Settlement Market
- Stone Street Capital , LLC, a leader in the lump sum industry, announced today a planned series of informative papers aimed at educating structured settlement recipients of their payout options. The series kicks off with "10 FAQ's About Structured Settlement Transfers." The article answers the...
- Research articles 2008-01-18
- Important Deadline Extended in Google Book Search Copyright Settlement.
- NEW YORK, April 28 /PRNewswire/ -- The federal court overseeing the Google Book Search Copyright Settlement today extended the Opt-Out Deadline in the case from May 5, 2009 to September 4, 2009 (the "Extended Opt-Out Deadline"). The Extended Opt-Out Deadline is...
- Research articles 2009-04-28
- Justice To Outline Concerns About Google Books Settlement, As Talks Continue
- The Justice Department has been investigating Google’s settlement with the publishing industry over its book scanning project—and it’s now set to go on the record with some of its complaints. The WSJ reports that a filing the Justice Department will make with the federal court reviewing the agreement will...
- External links 2009-09-17
- The Google Book Case Settlement is Dead
- The proposed settlement of the class-action lawsuit against Google Book Search is officially dead tonight. Just days after the antitrust division of the Department of Justice DoJ intervened in the case to urge U.S. Judge Denny Chin to reject the settlement, Google and the plaintiffs (the Author's Guild and the...
- Blog posts 2009-09-22
- Judge Sets Nov. 9 Deadline For Revised Google Books Settlement
- The federal judge overseeing the Google (NSDQ: GOOG) Books case is willing to give the company and the plaintiffs until Nov. 9 to come up with a U.S. settlement that works. The original proposed settlement ran into problems with the U.S. Department of Justice, which saw some potential antitrust...
- External links 2009-10-07
- Texas 'whistleblower' wins $2.7 million in settlement of Textron Lycoming case. (Avco Crop. Textron Lycoming Division sold poorly-designed engines to the Coast Guard)
- Texas `whistleblower' wins $2.7 million in settlement of Textron Lycoming case WASHINGTON UPI - A defense contractor that sold shoddy helicopter engines to the Coast Guard will pay $17.9 million in the largest settlement of a "whistleblower&qTexas `whistleblower' wins $2.7 million in settlement of...
- Research articles 1990-07-16
- Aventis SA reports that a district court in Michigan. (Active Pharmaceutical Ingredient Watch).($110 mn settlement over hypertension drug)(Legal Beat)(Brief Article)
- AVENTIS SA reports that a district court in Michigan has granted preliminary approval to a $110 million settlement in multidistrict antitrust litigation regarding hypertension drug Cardizem CD diltiazem. The settlement pertains to claims brought AVENTIS SA reports that a district court in Michigan...
- Research articles 2002-09-30
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