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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

settle

To complete a securities transaction.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
Dominguez said the law provides "taxpayers a one-time opportunity to settle estate tax obligations through the program that will give reasonable tax relief to estate with outstanding estate tax liabilities."
The Tax Amnesty Bill, which is expected to be signed into law by President Duterte, aims to protect and enhance revenue administration and collection, and to simplify tax compliance requirements by, among others, providing a one-time opportunity to settle estate tax obligations through a tax amnesty program.
Jenny del Mundo, Sun Life head of agency distribution support, then showed how the product solutions of Sun Life can actually help alleviate the cash issue in estate tax payment, specifically how life insurance can be used by the beneficiaries to settle estate taxes or be left with the heirs as the inheritance itself.