settlement credit

settlement credit. Civil procedure. A court’s reduction of the amount of a jury verdict — or the effect of the verdict on nonsettling defendants — to account for settlement funds the plaintiff has received from former defendants or from other responsible parties. [Cases: Compromise and Settlement 15(1); Damages 63. C.J.S. Compromise and Settlement §§ 32–33, 35–37, 40–41; Damages §§ 169–171.]

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词条贡献者

双语律师Virginia，国内知名法学院民商法专业，擅长翻译各类与公司与并购相关的法律文件。