noun
- plural of presettlement; arrangements or agreements made before a final settlement is reached, especially in legal or financial contexts
Usage: typically used in legal, financial, or real estate contexts; often refers to preliminary negotiations or conditional agreements
Examples
- The lawyers discussed several presettlements before the case went to trial.
- Presettlements in the merger negotiations helped both companies understand each other's positions.
- The real estate agent arranged presettlements to expedite the closing process.
- Presettlements between the parties reduced the time needed for final resolution.
- The contract included multiple presettlements that would take effect if certain conditions were met.