Release

{
  "id": "MLC-T-INS-002869",
  "term": "Release",
  "field": "Insurance and risk management",
  "definition": "A legal document signed by a claimant, surrendering their right to pursue further legal action or claims against an insurer or insured party in exchange for a settlement payment. This agreement formally concludes a claim, preventing future litigation over the same incident. It is a standard component of claim resolution in liability and property insurance.",
  "url": "https://mlchart.com/terminology/insurance/release/"
}