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- DictionarySet·tle·ment/ˈsedlmənt/
noun
- 1. an official agreement intended to resolve a dispute or conflict: "unions succeeded in reaching a pay settlement"
- 2. a place, typically one that has hitherto been uninhabited, where people establish a community: "the little settlement of Buttermere"
A settlement is a colony or any small community of people. If a bunch of people build houses on the moon together, they’ll have the first lunar settlement. A settlement is also the resolution of something such as a lawsuit. One kind of settlement is a place where people live.
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.
[countable] an official agreement that ends an argument between two people or groups. to negotiate a peace settlement. The management and unions have reached a settlement over new working conditions. an out-of-court settlement (= money that is paid to somebody or an agreement that is made to stop somebody going to court) Extra Examples.
2 days ago · A settlement is an agreement to end a disagreement or dispute without going to a court of law, for example by offering someone money. She accepted an out-of-court settlement of £4,000. ...a libel settlement.
From Longman Business Dictionary set‧tle‧ment /ˈsetlmənt/ noun 1 [ countable, uncountable] an official agreement or decision that ends an argument between two people or organizations After 15 years of litigation, appeals lawyers reached a settlement with the insurance company.
SETTLEMENT meaning: 1 : a formal agreement or decision that ends an argument or dispute; 2 : an amount of money that someone receives as part of such an agreement.
settlement. noun. /ˈsɛt̮lmənt/ [countable] an official agreement that ends an argument between two people or groups to negotiate a peace settlement The management and unions have reached a settlement over new working conditions. an out-of-court settlement (= money that is paid to someone or an agreement that is made to stop someone going to court)
