settle

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Related to settling estate: Probate estate, Probate law

Settlement

The process in which a buyer makes payment and receives the agreed-upon good or service. This term is used on exchanges to indicate when a security actually changes hands, which often occurs several days after a trade is made. See also: Clearance.

settle

To complete a securities transaction.
References in periodicals archive ?
The issuance of the death certificates will mean that the victim's relatives can start settling estates and collecting insurance according to the Associated Press.
Trust can also serve as an agent for individuals serving as executors and personal representatives to oversee the complexities involved in settling estates.
Services include tests used to determine paternity, siblingship and other familial relationships, as well as DNA tests for purposes of immigration, child custody, settling estates and other family situations.