settlement

Etymology

settle + -ment

noun

1. The act of settling.
   settlement of debt
2. The state of being settled.
3. A colony that is newly established; a place or region newly settled (even in past times).
4. A community of people living together, such as a hamlet, village, town, or city; a populated place.
5. (archaeology) A site where people used to live together in ancient times; an ancient simple kind of village.
6. (architecture) The gradual sinking of a building. Fractures or dislocations caused by settlement.
7. (finance) The delivery of goods by the seller and payment for them by the buyer, under a previously agreed trade or transaction or contract entered into.
8. (law) A disposition of property, or the act of granting it.
9. (law) A settled place of abode; residence; a right growing out of legal residence.
10. (law) A resolution of a dispute.
11. (law) A mutual agreement to end a dispute without resorting to legal proceedings, also known as an out-of-court settlement or settling out of court.
    The family of a Ohio teenager who was crushed to death by the seat of a minivan after emergency responders failed to find him in time has been awarded a $6million settlement […] As part of the settlement, the city has pledged to improve its 911 call centre […] 2021-04-11, A. Hutton, “Kyle Plush: $6million settlement for family of Ohio teen who was crushed to death in 2018”, in The Independent
12. (India, historical) An estate or district in Anglo-Indian Bengal where, instead of taking a quota of the year's produce, the government took a fixed sum several times a year from the local cultivators.