Definition & Meaning of "settlement"

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

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

a community of people smaller than a town

something settled or resolved; the outcome of decision making

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

an area where a group of families live together

Example

Financial settlements often provide a quantified amount as restitution for the intangible aspects of trauma as well.

The far-flung settlements in the desert are accessible only by rugged terrain vehicles.

The structured settlement provided regular payments over a predetermined period.

The court sanctioned the divorce settlement, finalizing the division of assets between the former spouses.

The defendant had to give up his assets as part of the court settlement.

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