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TeachMeFinance.com - explain settling settling -- (1) the process of balancing in-coming drafts that are accepted, as well as returned checks that an institution receives and making payment for the drafts within the check-collection system. (2) the process of delivering and paying for items previously purchased. (3) an agreement reached between two or more parties in contention. (4) a property arrangement to satisfy a dispute, as between a husband and wife. (5) the winding up and final distribution of an estate. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.