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If the policyholder is dissatisfied with the settlement offer, he or she can take the claim to arbitration.
Financial and business terms. 2012.
Settlement offer — A settlement offer or offer to settle is a term used in a civil lawsuit to describe a communication from one party to the other suggesting a settlement an agreement to end the lawsuit before a judgment is rendered. Attorneys typically negotiate… … Wikipedia
Offer — may refer to: Settlement offer, an offer to end a civil lawsuit out of court Offers, a 2005 Dutch television film Office of Electricity Regulation (OFFER), a forerunner of the current Office of Gas and Electricity Markets in Great Britain In… … Wikipedia
Offer — Indicates a willingness to sell at a given price. Related: bid * * * ▪ I. offer of‧fer 1 [ˈɒfə ǁ ˈɒːfər, ˈɑː ] verb [transitive] 1. to say that you are willing to give someone something, or to give them it: offer somebody something • The … Financial and business terms
offer — An expression indicating one s desire to sell a commodity at a given price; opposite of bid. Chicago Board of Trade glossary To show the desire to sell a futures contract at an established price. The CENTER ONLINE Futures Glossary Indicates a… … Financial and business terms
Offer of judgment — The Offer of Judgment rule is a tort reform law aimed at controlling unnecessary litigation and at encouraging settlement. Under this rule, if a settlement offer designated as an offer of judgment is made in civil litigation, the offer is… … Wikipedia
settlement — noun 1 official/legal agreement ADJECTIVE ▪ final ▪ lasting, long term, permanent ▪ comprehensive ▪ a lasting and comprehensive peace settlement … Collocations dictionary
Settlement (litigation) — Civil procedure in the United States Federal Rules of Civil Procedure Doctrines of civil procedure Jurisdiction Subject matter jurisdiction Diversity jurisdiction Personal jurisdiction Removal jurisdiction Venue Change of venue … Wikipedia
Settlement conference — A settlement conference is a meeting between opposing sides of a lawsuit at which the parties attempt to reach a mutually agreeable resolution of their dispute without having to proceed to a trial. Such a conference may be initiated through… … Wikipedia
offer — of·fer / ȯ fər/ n 1: a proposal, promise, or other manifestation of willingness to make and fulfill a contract or to bargain under proposed terms with another party that has the power to accept it upon receiving it denied accepting the offer see … Law dictionary
settlement — set·tle·ment n 1: the act or process of settling 2 a: an agreement reducing or resolving differences; esp: an agreement between litigants that concludes the litigation the states finally agreed upon a settlement and a consent decree W. J. Brennan … Law dictionary
