Settlement
Type: noun
Pronunciation: /set-ul-munt/
Also spelled or known as: Event Settlement
Plural: Settlements
Related: Box Office Settlement
What does Settlement mean? The financial reconciliation that occurs after an event, recording project, licensing transaction, or business deal.
An event settlement typically includes ticket sales, expenses, taxes, commissions, guarantees, merchandise revenue, and the final amount payable to the artist or promoter.
Settlement synonyms: Event Settlement, Financial Reconciliation, Final Accounting
Example sentence: “The promoter completed the settlement immediately after the concert.”
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