Settlement

/ˈsɛtəlmənt/

Meaning & Definition

noun

The act of settling or the condition of being settled.

The settlement of the dispute took several months of negotiations.

A formal agreement or arrangement, typically one made after a dispute.

After a lengthy trial, the parties reached a settlement to avoid further litigation.

A place where people establish a community, such as a village or town.

The ancient settlement was discovered during the archaeological dig.

An arrangement whereby debts or claims are resolved by payment or compensation.

The insurance company offered a settlement to cover the damages caused by the accident.

The process of distributing shares of a stock or bond issue to investors.

The settlement of the new bond issue went smoothly, attracting significant investor interest.

From Middle English 'setlment', from 'settle' + '-ment'.

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.

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.

Getting a financial payout in a dispute.

She hit the jackpot with that settlement.

A deal made to avoid a bigger issue.

They made a quick settlement to keep things quiet.