Settlement offer
A proposal to resolve a debt or claim by paying an agreed amount or following agreed terms.
Related terms
-
Settlement
An agreement that resolves a debt, claim or dispute on agreed terms without needing the matter to continue to full enforcement or trial.
-
Settlement figure
The amount a creditor agrees will resolve or discharge a debt under specified settlement terms.
-
Lump-sum settlement
A negotiated settlement where an agreed one-off payment is made to resolve a debt, often for less than the full amount claimed.
What’s your next step?
Get in touch with us at Bell & Company today to see how we can help