Adjudication refers to the legal process of resolving a dispute or deciding a case. The judgment or decision of a court, especially in bankruptcy proceedings, is considered adjudication.
Administrative law is the branch of law that deals with the powers and procedures of governmental bodies other than courts and legislatures. It significantly impacts the rights of private persons through mechanisms like investigations, hearings, rulemaking, and adjudication.
The term 'settle' generally refers to paying an obligation. In legal contexts, it pertains to resolving a dispute short of adjudication or arranging for the disposition of property. In the realm of securities, it means completing a trade between brokers or between a broker and a customer.
