English · Work & Business
settlement
/ˈset.əl.mənt/
[/ˈset.əl.mənt/]
agreement ending a dispute
Advancednoun
Definition
An official agreement that ends a dispute or argument, often involving payment. It also means a small community.
Example
The two parties reached a settlement, agreeing on a sum of money instead of going to court.
The two parties reached a settlement, agreeing on a sum of money instead of going to court.
Etymology
From 'settle' (Old English 'setlan', to place, fix) plus '-ment'.
How & Where It’s Used
Means a legal agreement, a payment, and a place where people live.