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    • Member Info
      • Native Language:
      • Korean
      • Home Country:
      • South Korea
      • Current Location:
      • South Korea

    • Join Date: May 2008
    • Posts: 50
    #1

    Post Question: His office has already settled cases including with two big lenders.

    Example.
    Imagine this: An official in a position of trust helps you choose a company for a service important to your future. You expect that the advice will be in your best interest.

    What you do not know is that the person's office has a financial relationship with that company. The official may have received gifts likes trips or stock options, or money for professional advice.

    Would you wonder, then, just whose interest was being served?

    This is what some American states are investigating in connection with the student loan industry. They are examining possible conflicts of interest when schools direct students to lists of so-called preferred lenders.

    New York Attorney General Andrew Cuomo says colleges and universities often fail to tell about their ties to banks and other finance companies. His office has already settled cases including with two big lenders.

    Question.
    In this context, what's the mean of "settle"?


    • Join Date: Oct 2006
    • Posts: 19,434
    #2

    Re: Question: His office has already settled cases including with two big lenders.

    In this context [ a legal process ] it means to reach an agreement or decision about (an argument or problem - in this case, legal actions relating to financial matters)

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