Glossary

Glossary for Settling Cases out of Court

Glos­sary TermsDef­i­n­i­tion
Bod­i­ly InjuryPhys­i­cal harm caused to a per­son as a result of a car accident
Com­pen­sa­tionPay­ment received to cov­er dam­ages result­ing from a car accident
Dam­agesFinan­cial com­pen­sa­tion received to cov­er med­ical bills, prop­er­ty dam­age, and pain
Insur­ance CompanyA com­pa­ny that pro­vides insur­ance cov­er­age against dam­ages or loss
Law­suitA legal action that is tak­en to set­tle a dis­pute between two or more parties
Legal FeesFees charged by a lawyer for their legal services
Lia­bil­i­tyLegal respon­si­bil­i­ty for caus­ing dam­age or loss
Med­ical BillsBills incurred for med­ical treat­ment or ser­vices received as a result of an accident
Nego­ti­a­tionA dis­cus­sion between two or more par­ties aimed at reach­ing an agreement
Pain and SufferingPhys­i­cal and emo­tion­al dis­tress caused by an accident
Prop­er­ty DamageDam­age caused to a per­son­’s prop­er­ty as a result of an accident
Set­tle­mentAn agree­ment reached between two par­ties to resolve a dispute
Tri­alA legal pro­ceed­ing in a court of law to resolve a dispute
Release FormA legal doc­u­ment that releas­es a par­ty from fur­ther lia­bil­i­ty relat­ed to an accident
Wit­ness StatementsState­ments pro­vid­ed by wit­ness­es who observed the accident