settlement
🇺🇸
/ˈsetlmənt/
🇬🇧
/ˈsetlmənt/
An official agreement that ends a disagreement.
The two sides reached a settlement to stop the argument.
The act of making an agreement.
The settlement of their conflict took a long time.
Money or property given to someone, often in legal cases.
She received a large settlement after the court case.
Paying money that is owed.
The bank requires settlement of the loan by next week.
A place where people live, especially a new one.
The small settlement grew into a town over time.
The process of people moving to live in a new place.
The settlement of this area began 100 years ago.