When somebody plays a part in another person’s injury or financial losses, they’re compelled by a judge or jury to pay a compensation to the wronged party. This compensation is known as a settlement.

When most people think of settlements, they think of the large payouts that celebrities and high-profile individuals receive. But did you know that there are also structured settlements? A structured ...

A workers' compensation settlement covers several costs incurred when an employee is injured. Learn about the workers' ...

A structured settlement is designed to compensate individuals following the outcome of a civil lawsuit. For example, if you were involved in a car accident and were seriously injured, you may choose ...

Laurie Sepulveda is a MarketWatch Guides team senior writer who specializes in writing about insurance, investing, personal loans, home equity loans, mortgages and banking. She lives in North Carolina ...