settlement value
The value of a claim if the claimant settles immediately as opposed to pursuing it further through litigation.
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judicial settlement
The settlement of a civil case with the help of a judge who is not assigned to adjudicate the dispute. • Parties sometimes find this procedure advantageous because it capitalizes on judicial experience in evaluating the settlement value of a claim.
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negotiation
negotiation, n. 1. A consensual bargaining process in which the parties attempt to reach agreement on a disputed or potentially disputed matter. • Negotiation usu. involves complete autonomy for the parties involved, without the intervention of third parties. [Cases: Contracts 25. C.J.S. Contracts § 60.] “Negotiation, we may say, ought strictly to be viewed simply
heirloom
heirloom. 1. An item of personal property that by local custom, contrary to the usual legal rule, descends to the heir along with the inheritance, instead of passing to the executor or administrator of the last owner. • Traditional examples are an ancestor’s suit of armor, family portraits, title deeds, and keys. Blackstone gave a
blue list
Blue List. Securities. A daily listing (on blue paper) of secondary-market offerings of municipal bonds. “Municipal bonds available for resale in the secondary market are listed by state in The Blue List, along with such information as the number of bonds offered, issuer, maturity date, coupon rate, price, and dealer making the offering. Ratings are
strike suit
A suit (esp. a derivative action), often based on no valid claim, brought either for nuisance value or as leverage to obtain a favorable or inflated settlement. [Cases: Corporations 214.]