Plain-English definition
A written agreement resolving some or all of a dispute.
Why this term matters
In a debt case, read payment amount, deadlines, release language, dismissal terms, judgment language, fees, and consequences of default.
Do not confuse it with
A verbal promise is not the same as a signed written agreement.
What to check in your papers
- Where the term appears and who issued the document.
- Whether the document states a date, deadline, hearing, or response requirement.
- Whether an official form or local court rule is referenced.
Official Sources to Check
Use official sources for federal rights and your court or state sources for filing rules, deadlines, forms, and exemptions.