> ## Documentation Index
> Fetch the complete documentation index at: https://docs.liquidramp.com/llms.txt
> Use this file to discover all available pages before exploring further.

# Settlement

> How fiat and crypto legs complete after pay-in, and how that appears on the order.

**Settlement** is when both legs of a trade complete and funds reach the recipient.

## Settlement in API responses

Order detail includes `payin` by default. Request `?include=payout` for payout / release details:

| Flow    | `payout` shape                              |
| ------- | ------------------------------------------- |
| Onramp  | Crypto sent to the recipient wallet         |
| Offramp | Fiat sent to the bank account               |
| Swap    | Output crypto sent to the recipient address |

Each payout entry includes amount, destination details, and `paid_at` / `tx_hash` / `tx_reference` when available.

## Status at settlement

Listen for `order.settled`, or poll `GET /v1/orders/:reference`. Intermediate events include `order.asset_released` and `order.fiat_sent`. See [Callbacks](/concepts/callbacks).

## Related

* [Escrow](/concepts/escrow)
* [Order lifecycle](/concepts/order-lifecycle)
* [Webhooks](/quickstarts/webhooks)