Main Entry: set·tle·ment

Pronunciation: \ˈse-t^əl-mənt\

Function: noun

Date: 1648

1 : the act or process of settling
2 a : an act of bestowing or giving possession under legal sanction b : the sum, estate, or income secured to one by such a settlement
3 a : occupation by settlers b : a place or region newly settled c : a small village
4 : settlement house
5 : an agreement composing differences
6 : payment or adjustment of an account