/ ˈsetlmənt; NAmE / noun
1.
[ C ] 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 sb or an agreement that is made to stop sb going to court)
2.
[ U ] the action of reaching an agreement :
the settlement of a dispute
3.
[ C ] ( law ) the conditions, or a document stating the conditions, on which money or property is given to sb :
a divorce / marriage / property, etc. settlement
4.
[ U ] the action of paying back money that you owe :
the settlement of a debt
a cheque in settlement of a bill
5.
[ C ] a place where people have come to live and make their homes, especially where few or no people lived before :
signs of an Iron Age settlement
6.
[ U ] the process of people making their homes in a place :
the settlement of the American West