What it means
A settlement is an agreement between the parties that resolves a dispute, ending or avoiding the need for a hearing. It is usually recorded in writing and may include confidentiality and a release of further claims. Most civil cases in Australia settle before trial. Settlement negotiations are often conducted on a "without prejudice" basis so offers cannot be used as evidence, and a settlement can be turned into enforceable consent orders.
How it's used
On the morning of the hearing the parties reached a settlement, agreeing the defendant would pay $9,000 in instalments.