Meaning & Definition of word "Settlement"
to
Settlement
/ˈsɛtəlmənt/
noun:
- 1. The act of settling or the condition of being settled.
- Example: The settlement of the dispute took several months of negotiations.
- 2. A formal agreement or arrangement, typically one made after a dispute.
- Example: After a lengthy trial, the parties reached a settlement to avoid further litigation.
- 3. A place where people establish a community, such as a village or town.
- Example: The ancient settlement was discovered during the archaeological dig.
- 4. An arrangement whereby debts or claims are resolved by payment or compensation.
- Example: The insurance company offered a settlement to cover the damages caused by the accident.
- 5. The process of distributing shares of a stock or bond issue to investors.
- Example: The settlement of the new bond issue went smoothly, attracting significant investor interest.
Etymology
From Middle English 'setlment', from 'settle' + '-ment'.
Common Phrases and Expressions
out of settlement:
Referring to an agreement reached outside formal legal proceedings.
settlement house:
A community center providing social services to the neighborhood.
land settlement:
The process of allocating land to settlers.
Related Words
settle:
To resolve or reach an agreement.
settler:
A person who moves with a group to live in a new area.
settlement pattern:
The distribution of communities in an area.
Slang Meanings of settlement
Meaning: Getting a financial payout in a dispute.
Example Sentence: She hit the jackpot with that settlement.
Meaning: A deal made to avoid a bigger issue.
Example Sentence: They made a quick settlement to keep things quiet.