settlement JUST WRITTEN FOR YOU
/ˈset.l.mənt/ · set·tle·ment
noun
- The act of settling, especially of a dispute, conflict, or legal claim. The settlement of the contract dispute avoided a costly lawsuit.
- The state of being settled; a condition of stability or permanence. After months of travel, they finally found a settlement where they could build a home.
- A newly established colony or community; a place or region that has been recently inhabited. The early settlement on the frontier grew into a bustling town within a decade.
- An agreement reached between parties, often involving payment, to resolve a claim or lawsuit. She received a generous settlement after the accident.
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Did you know? The word "settlement" appears in the famous 1776 Declaration of Independence, where the colonies are described as "a new nation, conceived in Liberty, and dedicated to the proposition that all men are created equal"—a settlement of ideas that shaped a nation.