Definition of “settlement” - English Dictionary

“settlement” in British English

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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 (HOME)

C2 [ C or U ] a place where people come to live or the process of settling in such a place:

A large Roman settlement has been discovered just outside the French town.
Many Native Americans were killed during the settlement of the American West by Europeans in the 19th century.

settlement noun (PAYMENT)

[ C or U ] the action of paying money to someone:

The settlement of his debts took him several months.
I enclose a cheque in settlement of your claim.
UK Her mother made a settlement on her (= made a formal arrangement to give her money) when she started college.

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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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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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)