What Does Settlement Lag Mean?
What does Settlement Lag mean? Read on to discover the definition & meaning of the term Settlement Lag - to help you better understand the language used in insurance policies.
Settlement Lag

The span of time between the first report of a claim and the date of its ultimate settlement.
We hope the you have a better understanding of the meaning of Settlement Lag.
A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z