settlement figure
nounUK /ˈsɛtlmənt ˈfɪɡə/
US /ˈsɛtlmənt ˈfɪɡjər/
The amount of money someone agrees to pay to fix a problem or end a disagreement.
The insurance company offered a settlement figure of five thousand dollars for the damaged car.
RELATED WORDS
OTHER MEANINGS
2. The number that shows how much is owed to close an account or loan.
The bank gave him a settlement figure to pay off his loan early.
3. The final total agreed when two sides end a dispute.
After weeks of talks, they reached a settlement figure both sides accepted.
4. The amount written on a legal paper that ends a case.
The judge read out the settlement figure in court.