Settlement

/sˈɛtə‍lmənt/

/ˈsɛtəɫmənt/

Settlement

an official agreement that puts an end to a dispute

a group of people residing in a new state and choosing it as their permanent home but keep links with their homeland

synonyms : colony

the process of making a new place as permanent residence by people

a community of people smaller than a town

synonyms : small town

something settled or resolved; the outcome of decision making

synonyms : closure

termination of a business operation by using its assets to discharge its liabilities

an area where a group of families live together

Examples

1. She came out of the divorce settlement a rich woman.

2. The company opted for a settlement rather than taking their former employee to court.

3. State regulators will go the extra mile to ensure that this settlement is as investor-friendly as possible.

4. The insurance company has deep pockets, making it challenging for policyholders to negotiate settlements in their favor.