Settlement of claims; an equitable arrangement of conflicting claims, as in set-off, contribution, exoneration, subrogation, and marshaling.

1. Settlement of a disputed account; 2. A change or concession in price or terms; 3. Determining the amount one is to receive in settlement of a claim; 4. In accounting, an entry made to correct or compensate for an error or difference in an account.

Refers to all of the steps involved in an adjuster's work of settling a claim against the insurer, i.e., investigation, determining amount of loss, reaching final settlement agreement, etc.

The determination of the amount of loss, the cause of the loss and the final settlement in cash value after all factors has been considered.

The amount a loss adjuster offers the policyholder for a claim after the application of the various policy limits and the deduction of any excess that may apply.

The process of arriving at an amount of settlement for a claim. It may consist of a series of computations to arrive at the amount of a loss, as in a complicated fire loss. It may involve discussions of liability, quantum and other such matters as might be the case in a problem liability claim. It may contain both.

The settlement of a claim (complaint) against a company because of dissatisfaction with the company's product or service.

The settlement of a claim; financial premium determination.

Adjustment (from late Latin ad-juxtare, derived from juxta, near, but early confounded with a supposed derivation from Justus, right), regulating, adapting or settling; in commercial law, the settlement of a loss incurred at sea on insured goods.