final settlement

The word 'settlement' in connection with public contracts and accounts, which are the subject of prescribed scrutiny for the purpose of ascertaining the rights and obligations of the United States, has a well-defined meaning as denoting the appropriate administrative determination with respect to the amount due. The time of the final administrative determination of the amount due is a definite time, fixed by public record and readily ascertained. As an administrative matter, it does not depend upon the consent or agreement of the other party to the contract or account.

The final account of an executor or administrator closing the business of the estate, with the order of the court thereon approving it and discharging the accountant. Roberts v. Spencer, 112 Ind. 85, 13 N. E. 131; Bartels v. Gove, 4 Wash. 632, 30 Pac. 675; Stevens v. Tucker, 87 Ind. 114; Sims v. Waters, 65 Ala. 442. • FINALIS CONCORDIA (Lat). A decisive agreement. A fine. A final agreement. A final agreement entered by the parties by permission of court In a suit actually brought for lands. Subsequently, the bringing suit, entry of agreement, etc., became merely formal, but its entry upon record gave a firm" title to the plaintiff; 1 Washb. R. P. 70; 1 Spence, Eq. Jur. 143; Tudor, Lead. Gas. 689. Finis est amicab Uis oompositio et flnalia concordia ex consensu et concordia domini regia vel justiciarum (a fine is an amicable settlement and decisive agreement by consent and agreement of our lord the king or his justices). Glanville, lib. 8, c. 1. Tails concordia flnalia dicitur eo quod finem impoauit negotio, adeo ut neutra para titigantium ah eo de cetero potcrit recidere (such concord is called final because It puts an end to the business, so that neither of the litigants can afterwards recede from it). Glanville, lib. 9, c. 3; Cunningham, Law Diet.

This term, as applied to the administration of an estate, la usually understood to have reference to the order of court approving the account which closes the business of the estate, and which finally discharges the executor or administrator from the duties of his trust. Roberts v. Spencer, 112 Ind. 85, 13 N. E. 129; Sims v. Waters, 65 Ala. 445.

Defined under Settlement in Black's Law Dictionary.