Meaning
Settlement is a noun with several meanings depending on context:
- Agreement/Resolution – an official arrangement that ends a dispute, often legal or financial.
- Community/Colony – a place where people establish a community to live.
- Payment/Finalization – the act of paying money that is owed or completing a financial transaction.
Grammar and Usage
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Part of speech: Noun (countable/uncountable depending on use).
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Typical patterns:
- reach a settlement (agreement)
- sign a settlement (legal/financial context)
- establish a settlement (community context)
- settlement of a debt/claim
Common Phrases
- Out-of-court settlement – a legal agreement reached without going to trial.
- Peace settlement – an agreement that ends conflict.
- Early settlement – paying off a loan before the due date.
- Colonial settlement – a community established in a new land.
Collocations
- reach/achieve/accept a settlement
- negotiate a settlement
- settlement agreement
- settlement of debts/claims
- historic settlement
Examples
- The two companies finally reached a settlement after months of negotiations.
- The settlers built a small settlement near the river.
- She made the final settlement of her credit card debt last week.
- The peace settlement ended years of conflict between the two countries.
- They offered him a large sum as part of the settlement.
- The early settlement of the loan saved them thousands in interest.
- An out-of-court settlement was reached to avoid lengthy litigation.
- The historic settlement attracted tourists interested in colonial history.
Synonyms or Related
- Agreement
- Resolution
- Arrangement
- Community
- Colony
- Payment