N.Y. Vehicle and Traffic Law 333 – Payments sufficient to satisfy requirements of this article
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Every judgment herein referred to shall for the purpose of this article only be deemed satisfied:
Terms Used In N.Y. Vehicle and Traffic Law 333
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
Payments made in settlement of any claims because of bodily injury, death or property damage arising from a motor vehicle accident shall be credited in reduction of the amounts provided for in this section.