settlement /ˈsɛtl̟mənt/ noun
1 a [count] : a formal agreement or decision that ends an argument or dispute
- I got the house in the divorce settlement.
- The parties have not been able to reach/negotiate a settlement in the case.
- an out-of-court settlement[=an agreement made to avoid a court case]
also : an amount of money that someone receives as part of such an agreement
- a cash settlement
- a settlement of two million dollars
1 b [singular] : the act or process of settling an argument or disagreement
- We were hoping for a quick settlement of the dispute between the neighbors.
2 [noncount] : the act of paying back money that is owed — often followed by of
- the settlement of our debts
- He paid $20,000 in settlement of a loan.
3 a [count] : a place where people have come to live and where few or no people lived before
- English settlements in North America
- This was the island’s first colonial settlement.
3 b [noncount] : the act or process of moving to a new area or place to live there : the act or process of settling an area or place — often followed by of
- The rifle played a big role in the early settlement of North America.
3 c [count] : a small village
- They came upon the ruins of an ancient settlement.