settle

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Related to settle estate: grant of probate, Probate estate

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 ?
Mr Somerville said while the work is not being actively marketed he was obliged to pass on any serious expressions of interest to the Penrhyn Settle Estates Trust.
Concurrent with the increasing number of deaths in the United States is the increased likelihood that individuals, rather than institutions, will be named to settle estates (Fleming 1997; Wilson 1997).
By avoiding probate, the annuity can provide a client with the liquidity needed to quickly settle estates," says Wilmoth.