Final Settlement Definition and Legal Meaning

On this page, you'll find the legal definition and meaning of Final Settlement, written in plain English, along with examples of how it is used.

What is Final Settlement?

(n) Final settlement is the mutual understanding and agreement arrived among the parties involved in a dispute, wherein they settle the issues mutually by accepting, conceding or compromising their demands. Settlement is a reconciliation process in which legal stand and facts are immaterial.