Focus on the pronunciation of settlement
› [C or U] an official agreement or decision that ends an argument, often involving a payment of money: negotiate/reach a settlement The lawyer negotiated an out-of-court settlement of $2 million. › [C or U] payment of a debt: in settlement of sth I wrote a check for $200 in settlement of my debts. Be sure to make full and final settlement by the repayment deadline. › [U] FINANCE, STOCK MARKET the process by which shares and money are exchanged at the end of a day of trading on a financial market: The Stock Exchange has an electronic share settlement system.