1. An agreement that ends a dispute and results in the voluntary dismissal of any related litigation. Regardless of the exact terms, parties often choose to keep their settlement agreements private.
2. In business law, the payment, satisfaction, and closing of an account.
3. In wills and estates, the complete execution of an estate by the executor.
4. In wills and estates, the conveyance of property interests to beneficiaries in a way that alters what they would receive as heirs under statutes of descent and distribution.