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English definition of “settlement”

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settlement

noun  /ˈset̬·əl·mənt/ us  

settlement noun (PAYMENT)

[C/U] payment of money that is owed: [U] We enclose a check in settlement of your claim.

settlement noun (PLACE TO LIVE)

[C/U] the act of going to live in a new place where few people have lived before, or the place where people have come to live: [U] Early settlement developed around a copper mine. [C] Permanent European settlements were established here in the 1830s.

settlement noun (AGREEMENT)

[C] an official agreement that ends an argument: Both sides are working to negotiate a peace settlement. [C] A settlement is also an arrangement, often with payment of money, to end a legal disagreement without taking it to court: The actor agreed to a $100,000 settlement from the newspaper.
(Definition of settlement from the Cambridge Academic Content Dictionary © Cambridge University Press)
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