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settlement

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noun set·tle·ment \ˈse-təl-mənt\

Simple Definition of settlement

  • : a formal agreement or decision that ends an argument or dispute; also : an amount of money that someone receives as part of such an agreement

  • : the act or process of settling an argument or disagreement

  • : the act of paying back money that is owed

Source: Merriam-Webster's Learner's Dictionary

Full Definition of settlement

  1. 1 :  the act or process of settling

  2. 2a :  an act of bestowing or giving possession under legal sanctionb :  the sum, estate, or income secured to one by such a settlement

  3. 3a :  occupation by settlersb :  a place or region newly settledc :  a small village

  4. 4 :  settlement house

  5. 5 :  an agreement composing differences

  6. 6 :  payment or adjustment of an account

Examples of settlement in a sentence

  1. I got the house in the divorce settlement.

  2. The parties have not been able to reach a settlement in the case.

  3. We were hoping for a quick settlement of the dispute between the neighbors.

  4. English settlements in North America.

  5. This was the island's first colonial settlement.

  6. They came upon the ruins of an ancient settlement.



1648

First Known Use of settlement

1648



SETTLEMENT Defined for Kids

settlement

play
noun set·tle·ment \ˈse-təl-mənt\

Definition of settlement for Students

  1. 1 :  a formal agreement that ends an argument or dispute

  2. 2 :  final payment (as of a bill)

  3. 3 :  the act or fact of establishing colonies <the settlement of New England>

  4. 4 :  a place or region newly settled

  5. 5 :  a small village




Law Dictionary

settlement

noun set·tle·ment

Legal Definition of settlement

  1. 1 :  the act or process of settling

  2. 2a :  an agreement reducing or resolving differences; especially :  an agreement between litigants that concludes the litigation <the states finally agreed upon a settlement and a consent decree — W. J. Brennan, Jr.> <entered into a property settlement prior to the divorce> b :  a formal and permanent grant or conveyance c :  the sum, estate, or income granted or paid under a settlement <if the monetary limits of a defendant's insurance policy can be discovered in order to obtain reasonable settlements — J. H. Friedenthal et al.>

  3. 3 :  closing <settlement costs>

  4. 4 :  the transfer of funds between a payor bank and a collecting bank in order to complete transactions for customers





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