settlement credit. Civil procedure. A court’s reduction of the amount of a jury verdict ¡ª or the effect of the verdict on nonsettling defendants ¡ª to account for settlement funds the plaintiff has received from former defendants or from other responsible parties. [Cases: Compromise and Settlement 15(1); Damages 63. C.J.S. Compromise and Settlement ¡ì¡ì 32¨C33, 35¨C37, 40¨C41; Damages ¡ì¡ì 169¨C171.]
What is the legal equivalence of SETTLEMENT CREDIT in Chinese?
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