Settlement: Difference between revisions
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imported>Doug Williamson (Add definition. Source: Oxford English Dictionary.) |
imported>Doug Williamson m (Add category.) |
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* [[Substitution]] | * [[Substitution]] | ||
* [[Trust]] | * [[Trust]] | ||
[[Category:Manage_risks]] | |||
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Revision as of 10:54, 13 March 2019
1.
An act that discharges obligation in respect of funds or securities transfers between two or more parties.
2.
Pensions.
An irrevocable action that relieves the employer of the primary responsibility for a pension obligation, thus eliminating associated risks.
3.
Any action or agreement that resolves or concludes an uncertain or disputed obligation, often including the payment of an agreed cash amount.
4.
The disposal of assets via a trust arrangement.
