settlement in-kind

noun

  • Jurisprudence
  • Dispute Resolution

Definitions of settlement in-kind

  • a settlement that includes payment for services with something other than cash or legal tender (eg property, machinery, goods etc)

    The judge approved a $5 million to $10 million settlement (in-kind and cash) for plaintiffs.

Phrase Bank for settlement in-kind

  • The lessee and lessor made a settlement in-kind.

  • The party requested settlement in-kind.