Settlement / Payment in Installments
A mutual agreement, often with a discount or installments.
A settlement is an agreement in which both sides give ground, for example a partial amount instead of the full claim, or payment in installments. This can make sense to avoid dispute and costs. Put every agreement in writing before you pay.
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General explanation for self-help, not legal advice (RDG). Individual cases may differ: if in doubt, contact a consumer advice center or a lawyer.