A more thorough explanation:

Definition: A legal action or lawsuit filed in a court of law to resolve a dispute between two or more parties.

Example: John filed a suit against his former employer for wrongful termination.

Explanation: In this example, John is taking legal action against his former employer by filing a lawsuit in court. He believes that he was wrongfully terminated from his job and is seeking a resolution through the legal system.

Example: The company settled the suit with the plaintiff out of court.

Explanation: In this example, the company and the plaintiff (the person who filed the lawsuit) reached a settlement agreement outside of court. This means that they were able to resolve their dispute without going through a trial.