A verdict is a decision made by a jury after a trial. It is usually either “judgment for the plaintiff in the amount of $XX” or “judgment for the defendant.” In some states, damages are specifically allocated for things like “pain and suffering” and “lost wages.”
A settlement is a voluntary agreement between the plaintiff and (usually) the insurance company for the careless driver to resolve the case in return for a lump sum payment of a certain amount of money.
