Settlement Credit
Legal definition for Indian law research
Definition
Settlement credit, means a court's reduction of the amount of a jury verdict-or the effect of the verdict on non-settling defendants-to account for settlement funds the plaintiff has received from former defendants or from other responsible parties, Black's Law Dictionary, 7th Edn., p. 1377.
Definitions are for legal research. Always verify meaning in the context of the statute, judgment, or jurisdiction cited.