settle of a debt

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• Debt settlement — Debt settlement, also known as debt arbitration, debt negotiation or credit settlement, is an approach to debt reduction in which the debtor and creditor agree on a reduced balance that will be regarded as payment in full.[1] Debt settlement is… …   Wikipedia

• settle — set‧tle [ˈsetl] verb 1. [intransitive, transitive] to end an argument by agreeing to do something: • The two companies signed a pact that settled the patent suit. • Before the second phase of the trial, the companysettled out of court (= ended… …   Financial and business terms

• debt — W2S2 [det] n [Date: 1200 1300; : Old French; Origin: dette, from Latin debitum, from debere to owe ] 1.) a sum of money that a person or organization owes debt of ▪ This over ambitious strategy has saddled them with debts of around $3,000,000.… …   Dictionary of contemporary English

• debt — that which is owed. If you borrow money, buy something on credit or receive more money on an account than is owed, you have a debt. Glossary of Business Terms Funds owed by a debtor to a creditor. Outstanding debt obligations are assets for… …   Financial and business terms

• Debt — Money borrowed. The New York Times Financial Glossary * * * debt debt [det] noun 1. [countable] money that one person, organization, country etc owes to another: • The country will not receive further funds after it failed to repay debts of $16… …   Financial and business terms

• debt — n. 1) to contract, incur, run up a debt; to get into, go into debt 2) to collect, recover a debt 3) to discharge, pay (off), settle; wipe out; write off a debt 4) to cancel; repudiate a debt 5) a bad; outstanding, unsettled debt 6) a business;… …   Combinatory dictionary

• debt — [ det ] noun *** 1. ) count an amount of money that you owe: By this time we had debts of over $15,000. run up a debt (=let it increase): She had run up debts of nearly $10,000. pay (off)/repay a debt: Many people experience difficulty in paying… …   Usage of the words and phrases in modern English

• settle — settle1 [set′ l] n. [ME settel < OE setl (akin to Ger sessel) < IE * sedla < base * sed > SIT] a long wooden bench with a back, armrests, and sometimes a chest beneath the seat settle2 [set′ l] vt. settled, settling [ME setlen < OE …   English World dictionary

• settle — set·tle vb set·tled, set·tling vt 1: to resolve conclusively settle a question of law 2: to establish or secure permanently a settled legal principle 3 …   Law dictionary

• settle — Ⅰ. settle [1] ► VERB 1) reach an agreement or decision about (an argument or problem). 2) (often settle down) adopt a more steady or secure life, especially through establishing a permanent home. 3) sit, come to rest, or arrange comfortably or… …   English terms dictionary

• settle a debt — index quit (repay) Burton s Legal Thesaurus. William C. Burton. 2006 …   Law dictionary