Define settlement is

Define settlement
Agreement whereby a sum of money is set aside to make provision for another person
Obligation given by faith to one individual to dispose property in which benefit will be derived
Authorisation given in faith to one or more individual to dispose and apply the benefits arising out of the property for the advantage of the owner of the property
Aggregate of a person’s possession either in his life time or at death which will comprise of his personal goods or properties

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