Final settlement refers to the final act of resolving all the outstanding dues and claims in a business deal or a legal matter. It is the ultimate sum of money that is paid to close the account, and no further actions or transactions are required. There are many other ways to refer to a final settlement, including payout, disbursement, discharge, clearance, settlement, and closing. In addition to these synonyms, some other terms can also be used in the context of final settlement, depending on the nature of the matter. These include reconciliation, balance, compensation, resolution, and fulfillment. Whatever term is used, the goal of a final settlement is the same - to reach a mutually acceptable conclusion and seal the deal.