Another name for closing.

Source: U.S. Department of Housing and Urban Development

The act of fulfilling the delivery requirements of the futures contract.

Source: Commodity Futures Trading Commission

Parties to a lawsuit resolve their dispute without having a trial. Settlements often involve the payment of compensation by one party in at least partial satisfaction of the other party's claims, but usually do not include the admission of fault.

Source: U.S. Courts

An agreement reached among the parties that resolves the case at any time before a judge's decision in the case or a jury verdict. (See also finding, verdict.)

Source: California Courts.