Final Settlement definition

Final Settlement means permanent settlement of the Contractor’s actual allowable costs or expenditures as determined at the time of audit, which shall be completed within three years of the date the year-end cost settlement report was accepted for interim settlement by the State. If the audit is not completed within three years, the interim settlement shall be considered as the final settlement.
Final Settlement means payment of money from a third party liable for the injury, illness, or disease of a member whether by compromise, judgment, court order, or restitution, which payment is intended as the total compensation for the injury, illness, or disease caused by the liable third party.
Final Settlement means the amount that an insurer owes under a property insurance policy to the named insured and other interests named in the policy for loss to any insured building or other structure affixed to land that is caused by fire or explosion, excluding any amount payable for loss to contents or other per- sonal property, for loss of use or business interruption and any amount payable under liability coverage under the policy, and that is determined by any of the following means:

Examples of Final Settlement in a sentence

  • Such BTIC transaction to buy (sell) shall be assigned with a price equal to the Final Settlement Price.

  • Any Member who fails to meet his obligations in accordance with the Final Settlement Obligations may without prejudice to any other right of the Exchange, be forthwith disabled from dealing through the Trading System until the Exchange or Relevant Authority may decide otherwise.

  • The WG Settlement provides a cash increase of £3.5m, when comparing the 23/24 Final Settlement figure of £129.2m with the 24/25 Provisional Settlement figure of £132.7m.

  • Final Settlement Date: (i) In relation to Cash Settled Certificates, the Final Settlement Date is three Business Days after the final Scheduled Trading Day of the relevant Valuation Period.

  • Also, in case of separation, balance Privilege leaves will be paid (encashed) in Full & Final Settlement on the basis of basic pay.


More Definitions of Final Settlement

Final Settlement means a determination of the amount due and owing to the insured for a loss to insured real property, but does not include contents damage, losses to personal property, or additional coverage not contained in the building coverage portion of the fire insurance policy, which determination is made by any of the following means:
Final Settlement means final settlement under the Settlement System Code;
Final Settlement means the settlement approved by the Court in the Final Order and Judgment as fair, reasonable, and adequate.
Final Settlement means the final calculation of settlement (S3) performed for the settlement Month, as described in the Natural Gas Settlement System Code;
Final Settlement has the meaning specified in Section 8.1(e)
Final Settlement means the final reimbursement to CONTRACTOR and Other Providers, as 34 specified in Paragraph VIII of Exhibit B to the Agreement.
Final Settlement for NTPs means the permanent settlement based on verification of approved units of service at the lower of per capita Uniform Statewide Daily Reimbursement rate or the Provider’s usual and customary charge to non-DMC patients for the same or similar services;