What's the difference between payment and settlement?

Payment


Definition:

  • (n.) The act of paying, or giving compensation; the discharge of a debt or an obligation.
  • (n.) That which is paid; the thing given in discharge of a debt, or an obligation, or in fulfillment of a promise; reward; recompense; requital; return.
  • (n.) Punishment; chastisement.

Example Sentences:

  • (1) However, some contactless transactions are processed offline so may not appear on a customer’s account until after the block has been applied.” It says payments that had been made offline on the day of cancellation may be applied to accounts and would be refunded when the customer identified them; payments made on days after the cancellation will not be taken from an account.
  • (2) At the heart of the payday loan profit bonanza is the "continuous payment authority" (CPA) agreement, which allows lenders to access customer bank accounts to retrieve funds.
  • (3) The way we are going to pay for that is by making the rules the same for people who go into care homes as for people who get care at their home, and by means-testing the winter fuel payment, which currently isn’t.” Hunt said the plan showed the Conservatives were capable of making difficult choices.
  • (4) Focusing on two prospective payment systems that operated concurrently in New Jersey, this study employs the hospital department as the unit of analysis and compares the effects of the all-payer DRG system with those of the SHARE program on hospitals.
  • (5) It ignores the reduction in the wider, non-NHS cost of adult mental illness such as benefit payments and forgone tax, calculated by the LSE report as £28bn a year.
  • (6) But the company's problems appear to be multiplying, with rumours that suppliers are demanding earlier payment than before, putting pressure on HTC's cash position.
  • (7) Finally, before the advent of the third-party payment, operations were avoided because of the financial burden.
  • (8) Initial analysis suggests that about one-fifth of gross costs would be directly returned to the public purse via income tax and national insurance payments.
  • (9) In 2013 it successfully applied for a Visa Innovation Grant , a fund for development and non-profit organisations seeking to adopt or expand the use of electronic payments to those living below the poverty line.
  • (10) Pensioners, like those in receipt of long-term social welfare payments or those who can prove they cannot provide their heating needs during winter, are entitled to a means-tested weekly winter fuel allowance of €20 (£ 14.54) per household.
  • (11) Most (86 percent) had educational debt (mean = $20,500), and more than half of those with debt were making loan payments.
  • (12) It would cost their own businesses hundreds of millions of pounds in transaction costs, it would blow a massive hole in their balance of payments, it would leave them having to pick up the entirety of UK debt.
  • (13) Tomorrow the courts are expected to sign off a $97.5m payment by the company to its shareholders, after investors took a class action lawsuit against the company.
  • (14) The payments were for services ranging from "project management" to "HR consultancy", according to the academy chain's company accounts.
  • (15) The four most common types of insurance that protect your income are income protection insurance, critical illness cover, life insurance, and payment protection insurance.
  • (16) In a 2011 interview with the Financial Times he said: “JPMorgan doesn’t have a chance in hell of not coming up with a big settlement.” He claimed: “There were people at the bank who knew what was going on.” The payment brings the total of fines imposed on JP Morgan to nearly $20bn in the past year.
  • (17) Gerson Zweifach, general counsel for both News Corp and 21st Century Fox , Murdoch’s film and TV business, said: “We are grateful that this matter has been concluded and acknowledge the fairness and professionalism of the Department of Justice throughout this investigation.” It is understood there has been no background settlement with the Department of Justice in order to avoid a full-blown investigation, contrary to speculation in New York over a year ago that the company was looking at a possible payment of over $850m.
  • (18) The payments are now more likely to made in shares issued monthly.
  • (19) Applications from Serbia, which account for 10% of the total, stem mostly from the dissolution of former Yugoslavia: payment of army reservists, access to savings in present-day Bosnia and Herzegovina, pensions in Kosovo.
  • (20) Without action today, the winter fuel payment would have decreased in value this coming winter.

Settlement


Definition:

  • (n.) The act of setting, or the state of being settled.
  • (n.) Establishment in life, in business, condition, etc.; ordination or installation as pastor.
  • (n.) The act of peopling, or state of being peopled; act of planting, as a colony; colonization; occupation by settlers; as, the settlement of a new country.
  • (n.) The act or process of adjusting or determining; composure of doubts or differences; pacification; liquidation of accounts; arrangement; adjustment; as, settlement of a controversy, of accounts, etc.
  • (n.) Bestowal, or giving possession, under legal sanction; the act of giving or conferring anything in a formal and permanent manner.
  • (n.) A disposition of property for the benefit of some person or persons, usually through the medium of trustees, and for the benefit of a wife, children, or other relatives; jointure granted to a wife, or the act of granting it.
  • (n.) That which settles, or is settled, established, or fixed.
  • (n.) Matter that subsides; settlings; sediment; lees; dregs.
  • (n.) A colony newly established; a place or region newly settled; as, settlement in the West.
  • (n.) That which is bestowed formally and permanently; the sum secured to a person; especially, a jointure made to a woman at her marriage; also, in the United States, a sum of money or other property formerly granted to a pastor in additional to his salary.
  • (n.) The gradual sinking of a building, whether by the yielding of the ground under the foundation, or by the compression of the joints or the material.
  • (n.) Fractures or dislocations caused by settlement.
  • (n.) A settled place of abode; residence; a right growing out of residence; legal residence or establishment of a person in a particular parish or town, which entitles him to maintenance if a pauper, and subjects the parish or town to his support.

Example Sentences:

  • (1) JPMorgan did not reveal the terms of the settlement.
  • (2) As long as Israel refuses to cease settlement activities and to the release of the fourth group of Palestinian prisoners in accordance with our agreements, they leave us no choice but to insist that we will not remain the only ones committed to the implementation of these agreements, while Israel continuously violates them,” Abbas said.
  • (3) "We will respect the principle of multi-year [funding] settlements," Hunt told a Voice of the Listener and Viewer conference in London.
  • (4) During evidence in chief, he said the only people who would amend a settlement or information about a trade would be "the person who knew of the transaction, who would be the trader."
  • (5) In a 2011 interview with the Financial Times he said: “JPMorgan doesn’t have a chance in hell of not coming up with a big settlement.” He claimed: “There were people at the bank who knew what was going on.” The payment brings the total of fines imposed on JP Morgan to nearly $20bn in the past year.
  • (6) Gerson Zweifach, general counsel for both News Corp and 21st Century Fox , Murdoch’s film and TV business, said: “We are grateful that this matter has been concluded and acknowledge the fairness and professionalism of the Department of Justice throughout this investigation.” It is understood there has been no background settlement with the Department of Justice in order to avoid a full-blown investigation, contrary to speculation in New York over a year ago that the company was looking at a possible payment of over $850m.
  • (7) The filings do not contain any clues about the size of the settlement that the DoJ was hoping to reach with Barclays, although the bank is thought to have been prepared to pay up to $2bn (£1.6bn).
  • (8) The announcement comes amid mounting frustration in the international community over Israel’s continued settlement activity, regarded by many countries as illegal.
  • (9) Obama will meet with Binyamin Netanyahu and Mahmoud Abbas tomorrow as well, but US envoy George Mitchell has had no luck in recent weeks trying to persuade Netanyahu to compromise on the settlements.
  • (10) The environment is going to pay a high price for its settlement in the recent spending review."
  • (11) In the Commons on Monday , John Whittingdale, the culture secretary who only in February chaired the committee that concluded “No future licence fee negotiations must be conducted in the way of the 2010 settlement”, ducked the invitation to explain how exactly the same thing had just happened again.
  • (12) An additional 200,000 Jews live in settlements in East Jerusalem.
  • (13) "The priorities are public order, improved lives for the people of Libya and an inclusive, peaceful settlement led by the Libyan people."
  • (14) Further south is Ghadames, one of the most ancient settlements in north Africa , which Unesco calls “the pearl of the desert”.
  • (15) HIV-1 infection was 1.5 times more common in women than in men; 2.5% of the adult population in rural villages, 7.3% in roadside settlements and 11.8% in town were infected.
  • (16) In American football, however, more than 4,500 former NFL players sued their league for downplaying the dangers of concussion, and last year there was an out-of-court settlement for around £500m.
  • (17) Israel's illegal settlements are so entrenched that uprooting them to make way for a viable Palestinian state has become impossible.
  • (18) In fact, CFAs generally involve payment of a "success fee" on top of normal legal fees; the payment is not calculated as a proportion of the final settlement.
  • (19) They belong to the people who built Choquequirao, one of the most remote Inca settlements in the Andes, and were stashed here by the archaeologists who, over the past 20 years, have been slowly freeing the ruins from the cloud forest.
  • (20) In 2004, the dispute settlement body , the "judicial branch" of the WTO, ruled that the US had to reform its cotton subsidies or face "retaliation" from Brazil.