Dictionary

settlement

noun set·tle·ment \ˈse-təl-mənt\

: a formal agreement or decision that ends an argument or dispute; also : an amount of money that someone receives as part of such an agreement

: the act or process of settling an argument or disagreement

: the act of paying back money that is owed

Full Definition of SETTLEMENT

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
5
:  an agreement composing differences
6
:  payment or adjustment of an account
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First Known Use of SETTLEMENT

1648
SETTLEMENT Defined for Kids

settlement

noun set·tle·ment \ˈse-təl-mənt\

Definition of SETTLEMENT for Kids

1
:  a formal agreement that ends an argument or dispute
2
:  final payment (as of a bill)
3
:  the act or fact of establishing colonies <the settlement of New England>
4
:  a place or region newly settled
5
:  a small village
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