SETTLE

To adjust, ascertain, or liquidate; to pay. Parties are said to settle an account when they go over its items and ascertain and agree upon the balance due from one to the other. And, when the party indebted pays such balance, he is also said to settle it. To settle property is to limit it, or the income of it to several persons in succession, so that the person for the time being in the possession or enjoyment of it has no power to deprive the others of their right of future enjoyment Sweet. To settle a document is to make it right in form and in substance. Documents of difficulty or complexity, such as mining leases, settlements by will or deed, partnership agreements, etc., are generally settled by counsel. Id The term “settle” is also applied to paupers. Settle up. A term, colloquial rather than legal, which is applied to the final collection, adjustment, and distribution of the estate of a decedent a bankrupt, or an insolvent corporation. ,It includes the processes of collecting the property, paying debts and charges, and turning over the balance to those entitled to receive it Settled estate. See Estate. Settling a bill of exceptions. When the bill of exceptions prepared for an appeal is not accepted as correct by the respondent it is settled (i.e., adjusted and finally made conformable to the truth) by being taken before the judge who presided at the trial, and by him put into a form agreeing with his minutes and his recollection. See Railroad Co. v. Cone, 37 Kan. 567, 15 Pac 499; In re Prout’s Estate (Sur.) 11 N. Y. Supp. 160. Settling day. The day on which transactions for the “account” are made up on the English stock exchange. In consols they are monthly; in other investments, twice in the month. Settling interrogatories. The determination by the court of objections to interrogatories and cross interrogatories prepared to be used in taking a deposition. Settling issues. In English practice. Arranging or determining the form of the issues in a cause. “Where, in any action, it appears to the judge that the statement of claim or defense or reply does not sufficiently disclose the issues of fact between the parties, he may direct the parties to prepare issues; and such issues shall, if the parties differ, be settled by the judge.” Judicature Act 1875, schedule, art. 19.