Settlement Adjustments
nounset·tle·ment ad·just·mentspronounced SET-əl-mənt ə-JUST-mənts
Last reviewed 16 April 2026
What does the noun Settlement Adjustments mean?
Proportional calculations made at settlement to divide council rates, water charges, and body corporate levies fairly between buyer and seller based on the settlement date. The buyer reimburses the seller for any rates already paid that cover the period after settlement.
How the noun Settlement Adjustments is used
At settlement, we reimbursed the seller $1,200 for council rates they had already paid for the rest of the quarter — those are the settlement adjustments at work.
Synonyms
apportionments, rate adjustments
Related words
Cite this entry
MLA citation: "Settlement Adjustments." How to Property, 16 Apr. 2026, https://howtoproperty.com.au/definitions/settlement-adjustments. Accessed 29 May 2026.
Chicago citation: How to Property. "Settlement Adjustments." Last modified April 16, 2026. https://howtoproperty.com.au/definitions/settlement-adjustments.
APA citation: How to Property. (2026, April 16). Settlement Adjustments. https://howtoproperty.com.au/definitions/settlement-adjustments