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settlement option

American  

noun

Insurance.
  1. any of the options, other than immediate payment in a lump sum, by which the policyholder or beneficiary may choose to have the benefits of a policy paid.


Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

This is when legal teams from both sides meet to explore settlement options or prepare the case for trial.

From BBC • Jul. 18, 2025

At this point, creditors may offer settlement options or other ways to pay off the debt to avoid further escalation.

From Slate • Aug. 16, 2024

The judge also rejected a request from Lori Vallow Daybell’s attorneys that she and her husband be allowed to meet in person and on the phone to discuss strategies and settlement options.

From Seattle Times • Jan. 19, 2023

Of those, more than 4.5 million filed claims for a cash payment of up to $125, one of the settlement options.

From New York Times • Feb. 10, 2020

The city’s natural geographical confines prevented alternative settlement options for those who wanted to find jobs in the city.

From Scientific American • Feb. 14, 2012

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