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Below is a list of the most common customer questions. If you can’t find an answer to your question, please don’t hesitate to reach out to us.
Settlement amount is the amount you would pay if you settled it today - paid the entire owing amount and ended the contract, without paying any more interest. For that reason, settlement amount should be lower than outstanding balance.
Once the settlement date has been decided, we calculate your settlement figure by taking the current capital element of the balance outstanding, adding the interest due up to the agreed settlement date, plus one month's additional interest (as outlined above).
A settlement is a colony or any small community of people. This can be a community that's smaller than a town, like a village. Also, if one country establishes a colony somewhere else, that can be called a settlement. The other kind of settlement happens when something is settled, like the end of a disagreement.
An example of a settlement is when divorcing parties agree on how to split up their assets. An example of a settlement is when you buy a house and you and the sellers sign all the documents to officially transfer the property. An example of settlement is when the colonists came to America.
A settlement is any form of human dwelling, from the smallest house to the largest city. Oxford Dictionary of Geography. Settlements can vary in size from the very small to extremely large. They can be as small as one house and as large as a megacity, home to tens of millions of people.
There are 5 types of settlement classified according to their pattern, these are, isolated, dispersed, nucleated, and linear.
In law, a settlement is a resolution between disputing parties about a legal case, reached either before or after court action begins. The term "settlement" also has other meanings in the context of law. Structured settlements provide for future periodic payments, instead of a one time cash payment.
An average personal injury settlement amount is anywhere between $3,000 and $75,000. Of course, most cases fall in between the very high and very low end of average settlements. There are also outliers you've probably heard about people getting settlements that are millions of dollars.
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