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English definition of “settlement”

settlement

noun (AGREE)    /ˈset.l̩.mənt/ US  /ˈset̬-/
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, Geoff agreed to let Polly keep the house.Diplomacy and mediationAccepting and agreeingAccepting and agreeing reluctantlyApproving and approval 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 newspaper.Court cases, orders and decisions
(Definition of settlement noun (AGREE) from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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