Meaning of “settlement” in the English Dictionary

"settlement" in British English

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settlementnoun

uk /ˈset.əl.mənt/ us /ˈset̬.əl.mənt/

settlement noun (AGREE)

C1 [ C or U ] an official agreement that finishes an argument:

It now seems unlikely that it will be possible to negotiate/reach a peaceful settlement of the conflict.
As part of their divorce settlement, Jeff agreed to let Polly keep the house.

C2 [ C ] an arrangement to end a disagreement involving a law having been broken, without taking it to a law court, or an amount of money paid as part of such an arrangement:

They reached an out-of-court settlement.
The actor accepted a settlement of $100,000 from the magazine.

More examples

settlement noun (MOVEMENT LOWER)

[ U ] the process of the slow sinking of a building or the ground

(Definition of “settlement” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"settlement" in American English

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settlementnoun

us /ˈset̬·əl·mənt/

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)

"settlement" in Business English

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settlementnoun

uk /ˈsetlmənt/ us

[ 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.

(Definition of “settlement” from the Cambridge Business English Dictionary © Cambridge University Press)