Final settlement

Definition of Final settlement

In probate proceeding, a direct adjudication that the estate is fully administered; that the administrator has completely executed his trust and has accounted for all moneys received as the law requires. In re Braun’s Estate, 140 Kan. 188, 34 P.2d 94, 95.

The final determination of amount due contractor by proper governmental authority. Consolidated Indemnity & Insurance Co. v. W. A. Smoot & Co., C.C.A.Va., 57 F.2d 995, 996.

With respect to final settlement in a real estate transaction, see Closing.

That's the definition of Final settlement in Black's Law Dictionary 6th Edition. Courtesy of

Official tim editorial.