settlement amount
[/ˈsetəlmənt əˈmaʊnt/]
nounpl: settlement amounts
valor da indenização / montante de acordo / valor do acordo
1. The total sum of money agreed upon to resolve a legal dispute, claim, or lawsuit without going to trial
The settlement amount was $500,000 to cover medical expenses and lost wages.
O valor da indenização foi de $500.000 para cobrir despesas médicas e salários perdidos.
2. The financial compensation paid by one party to another to resolve a contractual or legal disagreement
After months of negotiation, both parties agreed on a settlement amount of $250,000.
Após meses de negociação, ambas as partes concordaram com um valor de acordo de $250.000.
3. In insurance, the total payout determined for a claim
The insurance company approved a settlement amount for the property damage claim.
A seguradora aprovou um montante de indenização para a indenização por danos à propriedade.
In both Brazilian and American legal systems, settlement amounts are commonly used to avoid lengthy court trials. In Brazil, this term is prevalent in labor disputes, civil cases, and insurance claims. The negotiation of settlement amounts is a critical aspect of legal practice in both countries and reflects the preference for resolving disputes efficiently outside of formal litigation.
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